EURJPY is heading towards a line of 173.0165. If this movement continues, the price of EURJPY could test 173.0165 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Supports and resistances are primary concepts of technical analysis. EURJPY is heading for an important price of 173.0165 – read about what this could mean for the future.
