๐ฉ๐ฝโ๐ปTechnical: The monthly and weekly time frames for EUR/JPY are showing bullish signs, with the MAs of 20/50 and 200 trending below. However, on the daily chart, the price is currently experiencing a pullback, indicating potential bearish pressure. The 1-hour consolidation further confirms the current market situation for EUR/JPY.
๐ฏ For an ideal entry: You should wait for the price to push higher and break through the resistance zone, also breaking the 4-hour moving average of 20.
๐ฏ For an ideal entry: You should wait for the price to push higher and break through the resistance zone, also breaking the 4-hour moving average of 20.