Lingrid | EURJPY corrective MOVEMENT from KEY Resistance Zone

1 580
The price perfectly fulfilled my previous idea. It reached the target zone. EURJPY market has formed higher highs and higher closes, yet there remains strong resistance above. On the higher time frame, the price has been oscillating between 155,000 and 165,000, and it seems to be approaching the top of this range near last year’s closing level. If we get rejection at the psychological level of 163,000, we can expect a pullback from this point. Additionally, on the daily time frame, there is a global downward trendline that the price has bounced off multiple times. My goal is support zone around 160.250


Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣

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.