On EURJPY chart you can see that price has set a new peak and broke resistance at a round level of 125.50. Trend is very strong and you can see more and more demand pressure. Support is at previously mentioned level of 125.50. The nearest resistance is around 129.00. It is worth looking on chart with lower time interval.
On H1 chart you can see a strong breakout. Before next wave of rising price tested a round level of 127.00. We could observe increased bulls activity in this area. Currently price is approaching resistance of 129.00. It is possible that on the pair a correction of recent increases will occur. Probably correction will be shallow and short lived. Bullish candle formations will increase chances of continuation of the impulse. Breaking the aforementioned resistance will open the way to further growth.
On H1 chart you can see a strong breakout. Before next wave of rising price tested a round level of 127.00. We could observe increased bulls activity in this area. Currently price is approaching resistance of 129.00. It is possible that on the pair a correction of recent increases will occur. Probably correction will be shallow and short lived. Bullish candle formations will increase chances of continuation of the impulse. Breaking the aforementioned resistance will open the way to further growth.
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