EURJPY Update, structure remains bullish
The pair has officially broken above a key resistance zone, showing solid bullish intent. This breakout is even more meaningful when you look at how price has been consistently supported by the long-term rising trendline. Every time price touched this trendline, it bounced with strength — and this time is no different.
The recent move suggests that buyers are firmly in control, and with the structure now pushing above resistance, momentum could continue to build.
As long as EURJPY holds above this breakout zone, the path of least resistance is to the upside.
DYOR, NFA
The pair has officially broken above a key resistance zone, showing solid bullish intent. This breakout is even more meaningful when you look at how price has been consistently supported by the long-term rising trendline. Every time price touched this trendline, it bounced with strength — and this time is no different.
The recent move suggests that buyers are firmly in control, and with the structure now pushing above resistance, momentum could continue to build.
As long as EURJPY holds above this breakout zone, the path of least resistance is to the upside.
DYOR, NFA
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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.