Selling Opportunity EUR/JPY awaits 148 as Strong Resistance

24 Nis 2023

EUR/JPY has been trading in an uptrend since mid-March, with the price currently testing a key resistance level at 148. This level has acted as a significant barrier to price advancement in the past, and traders should take note of this as a potential selling opportunity. A strong resistance level at 148, and traders should consider this as a potential selling opportunity. However, traders should exercise caution as the market may continue to rise, given the bullish trendline and recent break of the 147 resistance level.

NOTE: It's important to use proper risk management and have a clear plan in place when entering any trades in the forex market.

Happy Trading and Keep us all Safe!! 🙏