EUR/JPY broke key resistance level 134.50

EUR/JPY broke key resistance level 134.50

  • EUR/JPY broke key resistance level 134.50
  • Next buy target - 136.00

EUR/JPY today broke through the key resistance level 134.50 (which has reversed the previous waves (a), 1 and a – as can be seen from the daily EUR/JPY chart below). The breakout of the resistance level 134.50 accelerated the active minor impulse wave 3 – which started previously from the powerful support level 131.70, which has reversed multiple downward corrections from September. EUR/JPY is expected to rise to the next buy target at the next resistance level 136.00.



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera