EURJPY Analysis and Forecast (BUY) - aim to the moon🚀
Based on technical analysis, a long position in EURJPY could be recommended as the trend is expected to cross the nearest resistance line at 143.920 and potentially reach the last resistance line at 147.500.
With the trendline approaching the nearest resistance level, traders could consider a long position to take advantage of the potential upward movement. The trendline suggests that EURJPY may break through the resistance level at 143.920, providing an opportunity for traders to enter a long position. If the trendline continues to move upward, it may reach the last resistance level at 147.500, which would provide an opportunity for traders to take profit.
However, it's important to note that trading always carries some risk, and it's crucial to set appropriate stop-loss levels to minimize potential losses. Overall, a long position in EURJPY could be a profitable opportunity for traders, but it's essential to keep an eye on the market and adjust the position accordingly.
With the trendline approaching the nearest resistance level, traders could consider a long position to take advantage of the potential upward movement. The trendline suggests that EURJPY may break through the resistance level at 143.920, providing an opportunity for traders to enter a long position. If the trendline continues to move upward, it may reach the last resistance level at 147.500, which would provide an opportunity for traders to take profit.
However, it's important to note that trading always carries some risk, and it's crucial to set appropriate stop-loss levels to minimize potential losses. Overall, a long position in EURJPY could be a profitable opportunity for traders, but it's essential to keep an eye on the market and adjust the position accordingly.
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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.
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.