Hello Awesome Traders!
Let's take a closer look at EURJPY today. The price action is currently indicating a rectangle channel, and excitingly, the price has just broken above the UPPER TRENDLINE at 165.363!
Here are the key levels to watch:
UPPER TRENDLINE BREAKOUT: 165.363
Mid: 163.803
LOWER TRENDLINE BREAKOUT: 162.294
With this breakout, we're eyeing potential targets:
38%: 167.316
62%: 168.510
This breakout presents an exciting opportunity for traders, potentially signaling a bullish momentum shift. Keep a close eye on price action as we monitor these levels for potential trading opportunities.
Happy trading, and may the pips be with you!
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