Hello Awesome Traders!
Let's take a closer look at EURJPY today. The price action is currently indicating a rectangle channel, and excitingly, the price has just broken above the UPPER TRENDLINE at 165.363!
Here are the key levels to watch:
UPPER TRENDLINE BREAKOUT: 165.363
Mid: 163.803
LOWER TRENDLINE BREAKOUT: 162.294
With this breakout, we're eyeing potential targets:
38%: 167.316
62%: 168.510
This breakout presents an exciting opportunity for traders, potentially signaling a bullish momentum shift. Keep a close eye on price action as we monitor these levels for potential trading opportunities.
Happy trading, and may the pips be with you!
Note
Note
Related publications
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.
Related publications
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.