EUR/JPY Weekly Chart Analysis
EUR/JPY is holding strong above a rising trendline that’s acted as support since 2022. The pair recently bounced from a key support zone and is now testing a major resistance area.
A breakout above this zone could trigger a bullish continuation, while rejection may lead to another pullback toward the trendline.
Key Levels:
Support: 153.5–155.0
Resistance: 163.5–165.0
Watch for: Weekly close above resistance for bullish confirmation.
Structure remains bullish as long as the trendline holds.
EUR/JPY is holding strong above a rising trendline that’s acted as support since 2022. The pair recently bounced from a key support zone and is now testing a major resistance area.
A breakout above this zone could trigger a bullish continuation, while rejection may lead to another pullback toward the trendline.
Key Levels:
Support: 153.5–155.0
Resistance: 163.5–165.0
Watch for: Weekly close above resistance for bullish confirmation.
Structure remains bullish as long as the trendline holds.
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