EUR/JPY daily chart shows a bullish breakout above a descending trendline, with the price now approaching the key resistance zone at 165.500–166.000.
A successful breakout above this level could push the pair higher, targeting 168.000 or beyond. However, if the resistance holds, a pullback toward the support zone at 161.500–162.000 is likely, offering potential re-entry opportunities.
A successful breakout above this level could push the pair higher, targeting 168.000 or beyond. However, if the resistance holds, a pullback toward the support zone at 161.500–162.000 is likely, offering potential re-entry opportunities.
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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.