EUR/JPY Price Long-Term: Bullish
Key Resistance Levels: 129.75, 131.00, 132.75
Key Support Levels: 128.26, 127.1, 126.45
On the daily time frame, the price is in an uptrend by posting higher highs and lows. The price managed to break the daily resistance @ 128.26 level, and now retested it by showing a correction count.
EUR/JPY Medium-Term Trend: Bullish
On the 4-hr time frame, the price posted a correction count toward a confluence zone between the daily support, the trendline and a 61.8% Fibonacci retracement level @ 128.26 mark. This might lead to a move upward to the 129.14 level.
Buy Limit Order @ 128.26
TP 1 @ 129.14
TP 2 @ 129.75
Stop Loss @ 127.83
Trade Safely 🙂