EURJPY M15 The pair bounced off the resistance at 162.062. It broke through the support at 161.298. The support was broken with a selling volume, indicating a potential move downwards. I anticipated it would reach the support at 160.035. However, it moved slightly higher, breaking the resistance at 162.008. There was a range here, and I expected it to reach the resistance at 163.172. It is currently rebounding from it, and I anticipated a retracement. This indicates a formation for further decline. As we can see, there is currently a continuation of the upward movement. Overall, I am expecting further growth here, and if the pair reaches a new high, it will likely move towards the resistance at 164.095.
