EUR/JPY broke pivotal resistance level 129.30

EUR/JPY broke pivotal resistance level 129.30

  • EUR/JPY broke pivotal resistance level 129.30
  • Next buy target - 131.40

EUR/JPY today broke through the pivotal resistance level 129.30 (former powerful support from March and May, as can be seen below). The breakout of this resistance level continues the active primary impulse wave ③ from last month. EUR/JPY is expected to rise further toward the next buy target at the next resistance level 131.40 (which reversed the price twice in May).

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