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Trader Journals:::2026-03-01T01:16:05

EUR/JPY

EUR/JPY Н4 Murrey Levels

EUR/JPY

The fact that the pair has moved above the 5/8 level indicates that it is currently in a bullish market, according to the rules of these levels. At the moment, the quotes are testing the 6/8 resistance level, and the moving average is slightly below the quotes, supporting the pair's bullish momentum. If this resistance is broken, the next targets are the 7/8 and 8/8 levels. A bounce from the resistance now could lead to a move towards 5/8, and who knows if this time it will manage to stay above or not. For now, bullish thoughts. Wishing everyone a good mood.
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