EUR/JPY extends good points after breaking out of a multi-month vary, supported by bullish momentum and secure technical indicators, Société Générale’s FX analysts be aware.
EUR/JPY builds on bullish momentum above 165 assist
“EUR/JPY just lately broke out from its multi-month vary highlighting chance of extension in up transfer. Every day MACD stays anchored inside constructive territory denoting prevalence of upward momentum.”
“Current pivot low and the higher restrict of earlier consolidation at 165/164.60 is an important assist zone close to time period. Subsequent goals may very well be positioned at projections of 168.40 and 170/170.60.”
