Euro / Japanese Yen
Long

Lingrid | EURJPY test of the MAJOR Resistance ZONE. Long

EURJPY market has broken through the resistance zone and is now moving toward the main resistance level. Overall, the market is currently in a range zone on the daily timeframe, with the price updating its swing highs at resistance and forming a distinct range. The market recently bounced off the support level and the trendline that had kept the price below for the week. I anticipate a price expansion from the support level, followed by a retest of the key resistance zone. My goal is resistance zone around 164.000


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