Euro / Japanese Yen
Long
Updated

EUR/JPY Bullish Breakout Setup with 2.02% Target Potential

170
EMA 30 (red): 160.813

EMA 200 (blue): 161.441




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Highlighted Zones & Points:

1. Entry Point:

Marked around 160.719 (just below EMA 30)

Positioned in a demand/support zone (highlighted purple box)



2. Resistance Point:

Marked at 161.799

Serves as a minor resistance level before the major target



3. EA Target Point:

Final target is 163.880

This represents a potential move of 3.253 units or 2.02%





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Interpretation:

Bullish Bias: The chart suggests a bullish setup, anticipating a breakout above EMA 200 and the resistance point toward the target of 163…
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