Strong growth in the last week of August

✍️ NOVA hello everyone, Let's comment on EUR/JPY price next week from , Last week of August

🔥 World situation:
EUR/JPY Price Analysis: Bulls continue to target 160.00

With the prospect of economic recovery in Europe and Japan, controlling the COVID-19 epidemic and solving the Ukraine war problem are two big steps forward for the economies of the two regions.

🔥 Identify:
The buying volume is still very high, the EMA is not showing a reversal yet. It is possible that the last week of August will see the price continue to increase close to the price area of 160,000

🔥 Technically:
Based on the resistance and support areas of EUR/JPY price according to the H1 frame, NOVA identifies the important key areas as follows:

Resistance: 160,000 zone
Support : 157,700; 157,200; 156,800

🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Commentaire:

Exactly Trend , price moves to Zone 158. 300