EUR/JPY broke through important 121.0400 price line
EUR/JPY has broken through the support line of a Support. It has touched this line numerous times in the last 3 days. This breakout shows a potential move to 120.7340 within the next 12 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements?
If you open a live account with a broker that support Autochartist, you’ll get:Analysis as low as 15 minute data intervals Short term forecasts Risk and volatility information