EUR/JPY Potential Upward Movement

EUR/JPY Long-Term Trend: Bullish

Key Resistance Levels: 147.27, 147.51, 147.89

Key Support Levels: 146.85, 146.66, 146.187

4-Hour Chart:

The price on the higher time frame has been in an uptrend for some time after it tested a level of 143.66 and continued the bullish momentum. Recently the pair has tested another level of 146.26 and bouncing back which suggests bullish trend.

EUR/JPY Medium-Term Trend: Bullish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 146.187 and 146.664 and sustained above that. Recently the pair has broken and retested a minor level of 146.85 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 147.016

TP @ 147.224

Stop Loss @ 146.809

Trade Safely 🙂