Support & Resistance

The Possible End of the Uptrend in the EUR/JPY Exchange Rate

Major Upside EUR/JPY Target is 142.83!

The EUR/JPY pair had a notable surge and is now close to reaching the 142.83 past peak. This could be seen as a ceiling and might halt the upward momentum.

The rate could continue to increase provided it remains above the downward line of resistance.

Concluding the Trading of the EUR/JPY!

If the trend line is maintained and a move above 142.83 is seen, this could suggest the trend is continuing upwards.

Should the value fall beneath the line of the uptrend and remain there, it could indicate a downward trend, prompting traders to take action and sell.

Andrew Johnson is a seasoned journalist with a keen interest in the commodity market. He is a regular contributor to, where he covers the latest news, trends, and analysis related to the commodity industry. With years of experience under his belt, Andrew has established himself as a reliable source of information on the global commodity market.