Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
EUR/JPY Significant Levels
Resistance Levels: 164.00, 166.00, and 168.00
Support Levels: 158.00, 156.00 and 154.00
EUR/JPY Price Long-term Trend: Bullish
The EUR/JPY pair continues its upward trend as it surpasses the obstacle at 165.00. During the previous price movement, purchasers attempted twice but failed to keep the price above the overhead barrier. Following the rejection, the Yen fell below the moving average lines, but the bulls benefited from the decline.
Buyers pushed through the overhead resistance on April 23, 2024, sending the currency pair to a high of 165.77. The Yen will continue to rise and overcome the next obstacle at 166.00.
Daily Chart Indicators Reading:
The price bars are above the upward sloping moving average lines. The 21-day SMA is the support line that is higher than the 50-day SMA. The uptrend will continue as long as price bars remain above the moving average lines. The uptrend will be terminated when the price falls below the moving average lines.
EUR/JPY Medium-term Trend:
The 4-hour chart shows the Yen in a sideways trend. The currency pair has been trading below its overhead resistance level of 165.00. The currency pair has been trading between 162.70 and 165.00. On April 23, the bulls broke above the overhead barrier at level 165.00 and maintained their bullish momentum to the high of level 165.77.
4-hour Chart Indicators Reading
The moving average lines are trending northward, indicating the current uptrend. The price bars have risen above the 21-day SMA, which serves as the support line for the moving averages. The Yen shows a bullish crossover, with the 21-day SMA crossing the 50-day SMA. This represents a bullish signal.
General Outlook for EUR/JPY
The currency pair has resumed a positive trend as it surpasses the obstacle at 165.00. The Yen is currently in a bull market and may continue to soar beyond level 166.00. The forex signal has stayed bullish since the latest breach above level 165.00.
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
