The EUR/JPY currency pair is currently showing signs of continued bullish momentum. This upward outlook is supported by an upward-sloping trendline, indicating that buying pressure remains dominant.
Additional confirmation comes from a bullish candlestick formation and the appearance of a double bottom pattern, both of which are strong technical signals of trend continuation or a reversal from previous weakness.
As long as the price stays above the key support zone, further upside remains likely.
Recommendation:
- Buy EUR/JPY
- Entry: 172.060
- Take Profit 1: 172.460
- Take Profit 2: 172.860
- Stop Loss: 171.760
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