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Emerging Bullish Cypher on EURJPY Signals Rally Continuation
Hello Traders,
Below is my short-term outlook of EURJPY.
An emerging bullish Cypher pattern has been identified on EURJPY (M15 timeframe). This pattern signals a brief market correction, allowing new buyers to join the EURJPY rally. Completion of this pattern is expected around the 159.592–159.060 region, followed by a likely bullish continuation.
Price targets are 160.21, 160.762, and 161.660, with the outlook being invalidated if the price closes below 159.050.
Do let me have your take on this pair in the comment below.
Cheers and Happy Trading.
Below is my short-term outlook of EURJPY.
An emerging bullish Cypher pattern has been identified on EURJPY (M15 timeframe). This pattern signals a brief market correction, allowing new buyers to join the EURJPY rally. Completion of this pattern is expected around the 159.592–159.060 region, followed by a likely bullish continuation.
Price targets are 160.21, 160.762, and 161.660, with the outlook being invalidated if the price closes below 159.050.
Do let me have your take on this pair in the comment below.
Cheers and Happy Trading.
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