Euro / Japanese Yen
Updated

EUR/JPY Breakouot trendline @162.077 H4 chart analysis

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From the chart, here are the key details for your EUR/JPY trade setup along with support and resistance levels:

Trade Setup:

Entry Point: ~162.077

Stop Loss (SL): ~164.369

Take Profit (TP): ~156.037


Support & Resistance Levels:

Major Resistance: ~164.451

Minor Resistance: ~162.194

Major Support: ~156.154

Minor Support: ~160.000 (psychological level)


This trade setup shows a Risk/Reward Ratio of 2.6, aligning with solid risk management principles. If you’d like a polished message to send to your client, let me know.
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