FX.co ★ jerome82 | EUR/JPY

EUR/JPY Н4 Murrey Levels

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.