EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 132.14, 133.15, 136.63
Key Support Levels: 130.97, 130.66, 129.22
The price on the higher time frame succeeded to break the strong resistance around the 132.14 USD mark by posting higher highs and lows. A correction count has been posted where we expect further movement to the upside.
EUR/JPY Medium-Term Trend: Bullish
On the lower time frame the price succeeded to break the wedge formation to the upside. Currently, the price is stuck above a relevant where we could see it rallying again toward the target profit.
Buy Limit Order @ 131.48
TP 1 @ 132.06
TP 2 @ 133.15
Stop Loss @ 131.19
Trade Safely 🙂