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

4月22日

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.



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!

4月22日

交易开始

Consolidation continues

4月23日

交易开始

4月23日

注释

4月23日

交易开始

Price updates the high to 165.75

4月24日

交易开始

Price is updating highs and will continue to rise

4月24日

交易结束：到达目标

Interim target of 166.0 reached

4月25日

交易开始

The goal has been practically achieved
+200 pips at the moment

4月25日

交易结束：到达目标