Technical Analysis : EURJPY long 163.209 up to 163.537
Resistance
163.209
163.180
Fib .50 level
162.946
Support
162.705
162.688
Profit Target
163.537
EUR/JPY has experienced a rejection from the 162.688 zone and is currently ranging in the 162.946 Fibonacci area. The next potential move is anticipated to be a push to the upside, with a target of breaking the 162.946 level and reaching the daily high of 163.209. Following this, a retracement to the 163.180 zone is expected to gather momentum for a further push towards the profit target of 163.537.
163.209
163.180
Fib .50 level
162.946
Support
162.705
162.688
Profit Target
163.537
EUR/JPY has experienced a rejection from the 162.688 zone and is currently ranging in the 162.946 Fibonacci area. The next potential move is anticipated to be a push to the upside, with a target of breaking the 162.946 level and reaching the daily high of 163.209. Following this, a retracement to the 163.180 zone is expected to gather momentum for a further push towards the profit target of 163.537.
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