FX.co ★ EUR/JPY Upside Continuation Signaled!

EUR/JPY moved sideways between 129.42 and 128.84 levels in the short-term. An upside breakout, jumping above 129.42 could signal further growth. The pair trades far above the uptrend line, so the outlook is bullish.

Escaping from this sideways movement on the upside could validate once again that EUR/JPY will continue its uptrend, upwards movement.

Trading Conclusion!

Passing above 129,42 and reaching 129.50 psychological level represents a buying opportunity, signal with a first upside target at 129.90 former high. The 130.00 is seen as an important upside target as well.