FX.co ★ jerome82 | EUR/JPY

EURJPY : M15 Chart. The instrument is trading near the daily pivot level FPV: 171.642. If the price moves upwards, it may reach the yHigh level: 172.247 from yesterday. However, to do this, it will need to break through several resistance levels. If the price moves above the 172.247 level, it could indicate a potential continuation of the upward movement, with the following levels as targets in the northern direction: R3: 172.652, R4: 173.277, R5: 174.287. From these levels, a downward movement may occur, with the first target for a decline from these peaks being the daily pivot level at 171.642. If the price decreases from the current values or bounces off any resistance level, the next support levels could be: H4 Sup C: 171.208, S3: 170.632, S4: 170.008, D1 Sup: 169.735. Additionally, at a similar price point, there is the MN1 resistance level at 169.735, and if the price breaks this level on the downside, the decline may continue towards the support level S5: 168.998.