EURJPY is reaching the long-term resistance

EURJPY is testing the 2014 high

 

EURJPY is reaching the long-term broadening wedge upside resistance of 147.50. We can expect rejection if a substantial pullback in JPY pairs across the market happens. A confirmed break above this level is required and will open more upside continuation towards 150 and higher.

Note: look for the short trades with a stop loss above 148.50. In the case of a stop-out reverse to long trade

 

EURJPY reversal lower

 

 

 

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