EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 145.65, 145.92, 146.32
Key Support Levels: 145.28, 145.11, 144.91
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
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.
Buy Stop Order @ 145.45
TP @ 145.91
Stop Loss @ 145.22
Trade Safely 🙂