Long term levels for EURJPY

٧ نوفمبر ٢٠٢٣

On the left chart, we observe the subsequent supply level on the daily chart for EURJPY. Despite being established in August 2008, it remains a significant level for initiating a sell position, as the price has not yet revisited this level since that time. On the right chart, we have the 1-hour chart displaying the underlying demand level below, which presents a promising continuation point for a buy position.