Euro / Japanese Yen
Long

EUR/JPY: to the moon is expected

347
Trade: Long
Global target: 150
Local target 1: 133.5
Local target 2: 136.5

On the global chart EUR/JPY broke through the resistance trend line and at the moment it is consolidating right above it. It is a big sign of an upcoming explosion with the target at 150.
snapshot

Locally, we can see that the price is testing the resistance area, and after a breakout, it will skyrocket to 133.5 shortly. After the price will rise as high as 136.5.

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.