EURJPY | 1D Idea
EURJPY is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 165 level, it is likely to continue its upward movement towards the next resistance zone at 167. Conversely, a breach of the support at 162 would indicate a potential short-term peak and shift the bias towards the downside, with a target around the 155 level.
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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.