Trade of the Day EURJPY

EURJPY upside wedge resistance rejection

 

EURJPY has been rejected from the rising wedge resistance top 132.50. This rejection could lead to a test of 130.70 and lower. A break above 133 is required for the upside extension higher. If confirmed this would be considered as a pullback within uptrend reversal.

Note – look for a short trade at the market with the stop loss just above 132.50

 

EURJPY price action trading strategy

 

 

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