📊 Technical Analysis
● EUR/JPY is ascending within a rising channel and has rebounded off support near 172.20–172.30, forming a fresh higher low (green arrow).
● Price is now approaching a tight wedge toward the downward-sloping resistance. A break above ~172.63 opens the path toward 173.01—and potentially further up toward the rising channel top near 173.90.
💡 Fundamental Analysis
● EUR/JPY remains steady above 172.00, holding its recent range amid calm sentiment.
● The cross also benefits from buoyant market sentiment and sustained optimism in risk assets, leading to continued yen weakness. Bullish momentum is reinforced by its position above the 100-day EMA and an RSI elevated above the 50 level.
✨ Summary
Long above 172.60–172.63; first target 173.01, with extension toward 173.90. Invalidation only upon break below 172.20.
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● EUR/JPY is ascending within a rising channel and has rebounded off support near 172.20–172.30, forming a fresh higher low (green arrow).
● Price is now approaching a tight wedge toward the downward-sloping resistance. A break above ~172.63 opens the path toward 173.01—and potentially further up toward the rising channel top near 173.90.
💡 Fundamental Analysis
● EUR/JPY remains steady above 172.00, holding its recent range amid calm sentiment.
● The cross also benefits from buoyant market sentiment and sustained optimism in risk assets, leading to continued yen weakness. Bullish momentum is reinforced by its position above the 100-day EMA and an RSI elevated above the 50 level.
✨ Summary
Long above 172.60–172.63; first target 173.01, with extension toward 173.90. Invalidation only upon break below 172.20.
-------------------
Share your opinion in the comments, and support the idea with a like. Thanks for your support!
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.