• Vasily Trader

EURJPY: Important Breakout (forecast)

Hey traders,

New higher high higher close on a daily chart on EURJPY.

After a quite long bullish accumulation, the price managed to break 127.5 major resistance.

Now a local rising trend line and a broken horizontal level give us a demand zone .

It can give us a nice spot to catch a bullish continuation after retest.

Next strong resistance is 129.0

Good luck!