Recently, the EUR/JPY has been trading upwards. The price tested the level of 129.80. According to the 30M time – frame, I found breakout of the trading range in the background, which is a sign that buyers are in control. I also found a hidden bullish divergence on the RSI oscillator, which is another sign of weakness. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 130.20 and at the price of 130.95.
Resistance levels:
R1: 130.51
R2: 131.52
R3: 132.03
Support levels:
S1: 128.99
S2: 128.48
S3: 127.47
Trading recommendations for today: watch for potential buying opportunities.
