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Tue, Jun 18, 2024

EUR/JPY moving between ranges now, Wait for Breakout to make Good Profits
1 mins well spent

EUR/JPY Analysis : 

EUR/JPY is moving between the ranges now in H4 Chart.

After breakout from the range in daily chart, market Re-tested the breakout level and went up more as per our Breakout strategy.

forex market breakout and re-tested the breakout level in eurjpy

Now market is standing at the top level 124.00 and making a ranging movement on H4 chart.

Let’s wait for the confirmation of breakout from the range to make good profits on EUR/JPY.

Why Re-testing the Breakout Level is more important ?

If market Re-test the previous Breakout level and starts to bounce back, then we can expect big and sharp movements from that Breakout level.

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