EUR/JPY Potential Upward Movement

EUR/JPY Long-Term Trend: Bullish

Key Resistance Levels: 158.413, 159.518, 160.392

Key Support Levels: 156.239, 155.512, 154.754

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It bounced back after testing a support level of 154.754  The pair has continued to break a trendline which suggests further trend continuation.

EUR/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a key level with a demand zone and has sustained above that. As of now the pair has broken and retested a minor level of 156.239 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 157.197

TP @ 158.303

Stop Loss @ 156.090

Trade Safely 🙂