The EURJPY has gained for the majority of the past 6 trading days, beginning at its lowest point on the 3rd of January at 137.377. This progression has resulted in an increase of 544 pips. The peak cost for the day was 142.85, which was close to the 100 day.

Support trend lines are denoted by black lines. Resistance at the green line (broken) The EURUSD pair is currently trading around 1.0680 after successfully breaking over the short-term resistance level of 1.0660 last week. Price re-tested the level at which it had previously broken out, and it has since begun.

Analysis of Trends (Fig. 1) From the close of the daily candle on Friday at 1.0706, EUR/USD could begin a bearish movement into the 1.0673 support level (thick white line). After a check, it’ll start climbing again, this time to the upper fractal level of 1.0773. (yellow dotted line). Fig..