EUR/JPY broke resistance level 131.50

EUR/JPY broke resistance level 131.50

  • EUR/JPY broke resistance level 131.50
  • Next buy target - 135.00

EUR/JPY continues to rise after the earlier breakout of the key resistance level 131.50 (which stopped the previous impulse waves (i) and i, as can be seen below). The breakout of the resistance level 131.50 accelerated the active minor impulse wave 3, which belongs to the sharp intermediate impulse wave (C) from last April. EUR/JPY expected to rise further to the next buy target at the next resistance level 135.00 (target price for the completion of the active impulse (C)).


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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