EURJPY → Buyer strength will lead to a continuation of the trend

تم تحديثه
EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term.

لقطة

The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of Japan. There is a high probability that the mentioned resistance will be broken in order to further strengthen the trend.

Resistance levels: 164.9, 165.4
Support levels: MA-50, 163.9


The ascending triangle demonstrates the buying power in the market, the fundamental background confirms it. A break of the triangle resistance will be a trigger to buy.

Regards R. Linda!
تم فتح الصفقة
Consolidation continues
تم فتح الصفقة
لقطة
ملاحظة
لقطة
تم فتح الصفقة
Price updates the high to 165.75
تم فتح الصفقة
Price is updating highs and will continue to rise
أغلقت الصفقة: تم الوصول للهدف
Interim target of 166.0 reached
تم فتح الصفقة
The goal has been practically achieved
+200 pips at the moment
أغلقت الصفقة: تم الوصول للهدف
Chart PatternsDXYEURJPYEURUSDFLATForexTechnical IndicatorsSupport and ResistanceTrend AnalysisTrend Line BreakUSDJPYZigzag

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