The EUR/JPY currency pair is currently expected to move higher after reaching its lowest point and testing a key support level. This situation signals the possibility of a bullish reversal.
Moreover, the formation of a swing low along with indications of a trendline reversal further supports the potential for upward movement in the near term.
Recommendation:
- Buy EUR/JPY
- Entry: 171.600
- Take Profit: 172.000
- Stop Loss: 171.300
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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