Forex world

November 23, 2022

EUR/JPY has a bullish signal

The Eur/Jpy currency pair on the 4-hour timeframe is giving a relatively reliable bullish signal.

After a period of continuous testing of resistance around the price area of 145,500. The price has broken out of this technical zone now and the bulls seem to have the upper hand.
Price also confirmed a trendline break, as illustrated above.

Note this is the H4 time frame, so if you're considering buying, hold the position long enough to meet your profit expectations.

Continuing to analyze the 1-day timeframe, the current trend confirmation signal is an uptrend, and the price seems to have accumulated long enough to be ready for a strong breakout to the old peak. , even conquering higher prices.

Good luck and success with this signal.

Best regards,

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