From TradingView · · 30s
EUR/JPY Breakout Setup
EUR/JPY could break above 177.875 for a 1.93% rise to 180.750.
In brief
EUR/JPY could break above 177.875 for a 1.93% rise to 180.750. EUR/JPY may rise to 180.750 after breaking 177.875 resistance. Originally reported by TradingView.
EUR/JPY Breakout Setup
The EUR/JPY 4-hour chart shows price pressing against 177.875 resistance after consolidation near 177.320.
Key Technical Confluences
Price action targets 179.150 and 180.750 with a stop loss below 176.180.
Trade Execution Plan
Enter on confirmed breakout above 177.875 followed by retest of 177.320 to 177.875.
The main idea
EUR/JPY may rise to 180.750 after breaking 177.875 resistance.
