EURJPY- Buy above 161.25 (trend line break out)
Updated
The near-term resistance is around 161.20, a breach above targets 162/162.89. Major bullish continuation only above 163.87. The immediate support is at 160.50 any violation below will drag the pair to 159.85/159/158.80/158.40/157.
Indicator (1- Hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy above 161.25 with SL around 160.70 for TP of 163
Indicator (1- Hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy above 161.25 with SL around 160.70 for TP of 163
Trade closed: target reached
Target achieved 163
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