Euro / Japanese Yen
Long
Updated

EURJPY : Bullish Breakout Indicates a Bigger Movement

1 052
EURJPY: Bullish Breakout Indicates a Bigger Movement

Yesterday, during the ECB rate decision, EURJPY broke out from a large bullish pattern.

Actually, the price is testing the broken resistance, now turned into support.

The price is already testing 164.20 and probably during the coming week EURJPY may start a bigger bullish movement with targets 164.15 and 165.60

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
snapshot
Trade closed: target reached
Note
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.