Open account Log in

EUR/JPY broke key resistance level 134.50

Read the article on FBS website
  • EUR/JPY broke key resistance level 134.50
  • Next buy target - 136.00

EUR/JPY today broke through the key resistance level 134.50 (which has reversed the previous waves (a), 1 and a – as can be seen from the daily EUR/JPY chart below). The breakout of the resistance level 134.50 accelerated the active minor impulse wave 3 – which started previously from the powerful support level 131.70, which has reversed multiple downward corrections from September. EUR/JPY is expected to rise to the next buy target at the next resistance level 136.00.

Share with friends:

Similar

Latest news

Instant opening

This website is owned and operated by Mitsui Markets Ltd. Address: 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu.

Mitsui Markets Ltd. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, Myanmar.


Payment transactions are managed by НDС Technologies Ltd.; Registration No. HE 370778; Legal address: Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203, Limassol, Cyprus. Additional address: Office 267, Irene Court, Corner Rigenas and 28th October street, Agia Triada, 3035, Limassol, Cyprus.


Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the Internet resources of any materials from this website is possible only upon written permission.


The information on this website does not constitute investment advice, a recommendation, or a solicitation to engage in any investment activity.

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.