EURJPY: Significant Breakout and Bullish Perspective
The EURJPY pair has successfully broken and closed above a key horizontal resistance on the intraday chart.
The highlighted blue zone represents the neckline of a cup and handle pattern, signaling a potential bullish continuation.
This breakout could pave the way for further upside, with targets set at 163.64 and 164.47.
Traders may view the broken resistance level as a potential entry point for long positions.
The highlighted blue zone represents the neckline of a cup and handle pattern, signaling a potential bullish continuation.
This breakout could pave the way for further upside, with targets set at 163.64 and 164.47.
Traders may view the broken resistance level as a potential entry point for long positions.
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