EURJPY: Significant Breakout and Bullish Perspective
The EURJPY pair has successfully broken and closed above a key horizontal resistance on the intraday chart.
The highlighted blue zone represents the neckline of a cup and handle pattern, signaling a potential bullish continuation.
This breakout could pave the way for further upside, with targets set at 163.64 and 164.47.
Traders may view the broken resistance level as a potential entry point for long positions.
The highlighted blue zone represents the neckline of a cup and handle pattern, signaling a potential bullish continuation.
This breakout could pave the way for further upside, with targets set at 163.64 and 164.47.
Traders may view the broken resistance level as a potential entry point for long positions.
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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.