EUR/JPY is pressing resistance in a bullish long-term trend.
The hourly chart offers prospects of a test of prior resistance.
EUR/JPY is testing a key resistance area within a broadly bullish long-term trend.
The following is a top-down analysis which illustrates where the next potential opportunity can be expected from forthcoming price action and structure.
Monthly chart
The bulls are in charge and an upside extension can be expected.
However, there is resistance at this juncture and the price will most likely offer downside opportunities on the lower time frames first of all.
The hourly chart offers prospects of a test of prior resistance.
EUR/JPY is testing a key resistance area within a broadly bullish long-term trend.
The following is a top-down analysis which illustrates where the next potential opportunity can be expected from forthcoming price action and structure.
Monthly chart
The bulls are in charge and an upside extension can be expected.
However, there is resistance at this juncture and the price will most likely offer downside opportunities on the lower time frames first of all.
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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.