EUR/JPY Price Analysis: Extra gains remain focused on 160.00

EUR/JPY advances for the third session in a row and surpasses the 158.00 mark on Monday.

Sentiment is: Positive

Technical Analysis

EUR/JPY has broken through a resistance line. It has touched this line numerous times in the last 11 days. This breakout shows a potential move to 159.2994 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

EUR/JPY broke through important 158.3870 price line

Want to get full Autochartist Access including the Autochartist Market Scanner for MetaTrader, Market Report Emails,
Autochartist Mobile App, and the full Autochartist Web App?

Subscribe here: ChartViper Subscriptions
Join us on Telegram