The EUR/JPY currency pair still shows potential for further upside movement. This bullish signal is supported by the formation of a swing low, which indicates a possible upward reversal.
In addition, the presence of a higher support level compared to the previous one strengthens the bullish outlook, suggesting that further price appreciation is likely in the near term based on technical analysis.
Recommendation:
- Buy EUR/JPY
- Entry: 171.853
- Take Profit: 172.226
- Stop Loss: 171.560
*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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