EUR/JPY: Long-Term Bullish Despite Short-Term Sellers
Hello Everyone,
EUR/JPY remains a favorable long-term buy, although current market activity shows sellers entering the scene. Presently, daily support levels have effectively propelled the price upwards, offering substantial reinforcement. Analysis of price movements indicates no immediate signs of a bearish reversal. Nonetheless, there exists formidable yearly resistance around 170.505. Should the price consolidate above this resistance level, further upward momentum is anticipated!
TradeWithTheTrend3344
EUR/JPY remains a favorable long-term buy, although current market activity shows sellers entering the scene. Presently, daily support levels have effectively propelled the price upwards, offering substantial reinforcement. Analysis of price movements indicates no immediate signs of a bearish reversal. Nonetheless, there exists formidable yearly resistance around 170.505. Should the price consolidate above this resistance level, further upward momentum is anticipated!
TradeWithTheTrend3344