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EURJPY Wave Analysis – 11 February 2025

105


- EURJPY reversed from the support area
- Likely to rise to the resistance level 159.65

EURJPY currency pair recently reversed up from the support area located between the key support level 156.000 (which has been steadily reversing the price from August of 2024 as can be seen below) and the lower weekly Bollinger Band.

The upward reversal from the support area stopped the previous weekly downward impulse wave (3) from last year.

Given the strength of the support level 156.000, EURJPY currency pair can be expected to rise to the next resistance level 159.65 (the former weekly low from January).
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Juga di:
Elliott WaveSupply and DemandSupport and Resistance

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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Elliott WaveSupply and DemandSupport and Resistance
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Juga di:

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.