EURJPY: Important Breakout & Bullish Outlook
The EURJPY pair successfully broke and closed above a strong horizontal resistance on the an intraday chart.
The highlighted blue area also marks the neckline of a cup and handle pattern, indicating a potential bullish trend.
This violation could lead to further price increases, with the next targets being 163.64 and 164.47.
Traders looking to enter the market should consider the broken resistance as a potential entry point.
The highlighted blue area also marks the neckline of a cup and handle pattern, indicating a potential bullish trend.
This violation could lead to further price increases, with the next targets being 163.64 and 164.47.
Traders looking to enter the market should consider the broken resistance as a potential entry point.
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