If EURJPY continues in the bullish trend which it has been following for more than a month, it might potentially break the thick red resistance line which is a very long-term resistance level which implies huge profits in a long position.
However, we expect many news that might have a negative impact on EURJPY in the next few weeks so it also can break the support of the bullish trend from last month but it will eventually bounce back up from the thick red SUPPORT line which has been in place since early 2000s and it has NEVER been violated.
However, we expect many news that might have a negative impact on EURJPY in the next few weeks so it also can break the support of the bullish trend from last month but it will eventually bounce back up from the thick red SUPPORT line which has been in place since early 2000s and it has NEVER been violated.