EURJPY: ⬆️ Buy
– EURJPY reversed from support zone
– Likely to rise to resistance levels 186.00 and 188.00
EURJPY currency pair recently reversed up from the support zone between the strong support level 183.00 (which has been reversing the price from March), lower daily Bollinger Band and the 38.2% Fibonacci correction of the uptrend from October.
The upward reversal from this support zone started the active minor impulse 3 – that belongs to the intermediate impulse wave (5) from February.
Given the clear daily uptrend, EURJPY currency pair can be expected to rise to the next resistance level 186.00 and 188.00.