EUR/JPY Potential Upward Movement

EUR/JPY Long-Term Trend: Bullish

Key Resistance Levels: 145.65, 145.92, 146.32

Key Support Levels: 145.28, 145.11, 144.91

1-Hour Chart:

The price on the higher time frame has been in an uptrend for some time after it broke a major level of 144.00 with good momentum. It has sustained above that and tested a support level of 144.74 which shows bullish signs.

EUR/JPY Medium-Term Trend: Bullish

5-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 144.91 and 145.11 and sustained above that. As of now the pair has broken and retested a minor level of 145.28 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 145.45

TP @ 145.91

Stop Loss @ 145.22

Trade Safely 🙂