Euro / Japanese YenShort
Selling Opportunity EUR/JPY awaits 148 as Strong Resistance
EUR/JPY has been trading in an uptrend since mid-March, with the price currently testing a key resistance level at 148. This level has acted as a significant barrier to price advancement in the past, and traders should take note of this as a potential selling opportunity. A strong resistance level at 148, and traders should consider this as a potential selling opportunity. However, traders should exercise caution as the market may continue to rise, given the bullish trendline and recent break of the 147 resistance level.
NOTE: It's important to use proper risk management and have a clear plan in place when entering any trades in the forex market.
Happy Trading and Keep us all Safe!! 🙏
NOTE: It's important to use proper risk management and have a clear plan in place when entering any trades in the forex market.
Happy Trading and Keep us all Safe!! 🙏
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