Eightcap

EURJPY: Can buyers continue to move and hit new 2023 highs?

EIGHTCAP:EURJPY   유로 / 일본 엔
Today's focus: EURJPY

Pattern – Resistance Test
Support – 157.65 - 155.81
Resistance – 158.55 - 159.71

Hi, and thanks for checking out today's update. Today, we are looking at the EURJPY on the daily chart.
Since testing lower support, we have seen a solid bounce that has already had one reaction and a new higher high. This sets buyers up with just a few more things to do to get the overall trend back on track.

A break of current resistance and a break of 159.71 should see price at new 2023 highs and could confirm that the long-term trend is continuing. We need to see the current range beaten before we can start thinking of new yearly highs.

If sellers can hold at 158.55, this could set up a new resistance hold and stall the current rally.

Good trading.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.