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March 17, 2022 @ 20:41 +03:00
• EURJPY broke key resistance level 130.00
• Likely to rise to resistance level 132.00
EURJPY recently broke the key resistance level 130.00, intersecting with the 61.8% Fibonacci correction of the downward impulse from February.
The breakout of the resistance level 130.00 accelerated the active short-term correction (ii).
EURJPY can be expected to rise further toward the next resistance level 132.00 (top of the previous correction (ii) from last month).