EUR-JPY Weekly Technical Analysis

Euro Yen: It is trading on the H4 chart below an important resistance at 125.10, and this level represents price resistance. The price responded three times before that, forming three equal peaks. By breaking 125.10 up on the H4 frame, the pair bought until the selling level at 126.55. The pair can be sold below the resistance to the buying levels at 122.00 - 121.10, and the destination can be determined by looking at the MACD indicator. We advise all traders to maintain a suitable stop loss for all of their trades.

To watch the analysis on the Telegram channel from here