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.
