EURJPY → Buyer strength will lead to a continuation of the trend

2024年4月22日

EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term.



The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of Japan. There is a high probability that the mentioned resistance will be broken in order to further strengthen the trend.

Resistance levels: 164.9, 165.4
Support levels: MA-50, 163.9

The ascending triangle demonstrates the buying power in the market, the fundamental background confirms it. A break of the triangle resistance will be a trigger to buy.

Regards R. Linda!

2024年4月22日

交易進行

Consolidation continues

2024年4月23日

交易進行

2024年4月23日

註釋

2024年4月23日

交易進行

Price updates the high to 165.75

2024年4月24日

交易進行

Price is updating highs and will continue to rise

2024年4月24日

交易結束：目標達成

Interim target of 166.0 reached

2024年4月25日

交易進行

The goal has been practically achieved
+200 pips at the moment

2024年4月25日

交易結束：目標達成