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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 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

4 comments

  1. How can I get the EA bot ?

  2. I sorry It want work for me. What trading platform should I use? I using Oanda now.

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