InvestMate|EUR/JPY Continued Increases💶💴

15 בדצמ׳ 2022

💶💴EUR/JPY Continued Increases

💶💴That's how I perfectly predicted the support zone and future trend direction in the last post:

💶💴Yes and this time I come to you with an update of my perspective.

💶💴The direction remains unchanged.

💶💴Today's upward movement was fuelled by another 50-point interest rate hike in the Eurozone.

💶💴Ahead of us there is a strong resistance zone defined by a cluster of two levels. The first level is 1.272 of the last downward wave from the peak. The second is the 2014 peak.

💶💴There is a support zone below us.

💶💴Looking at the MACD and RSI, I have no doubts about the continuation of the movement.

💶💴We are above the 50 and 200 moving average.

💶💴The scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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