EUR/JPY Could Start Increasing Again!.
Breaking, jumping above 128.84 signaled a further increase in the short term. It has climbed as much as 129.42 where it has found a temporary resistance. Now, EUR/JPY increases and approaches 129.42 former high, upside obstacle. Passing above it could signal more gains ahead towards 130.00psychological level.
Trading Conclusion!
Jumping above 129.42 former high and reaching 129.50 could represent a buying opportunity. Such a breakout could signal further growth with a target at the next higher high, peak high, near 130.00.
EUR/JPY could still increase as long as the price is located above the uptrend line, despite any temporary decline.
