AnalyseForexTechnical Analysis of EUR/JPY

Technical Analysis of EUR/JPY

The EUR/JPY prices have risen strongly during the four-hour timeframe. Currently, if the price remains above the levels of the descending trendline intersection and the support level at 147.35, and closes above it, there will be a strong opportunity to buy and climb towards the target levels of 148.50 as the first objective. However, if the price declines and breaks these levels, it is possible that a new downward phase may begin.

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