EURJPY Inverse H&S retest and bounce for a continuation
EURJPY has successfully retested a previously broken Inverse H&S formation 125. It has bounced off this level and continued higher. There is a rising wedge formation dating back from October and has a target of 130 where we expect significant resistance. Support for this continuation higher is 126.60 and invalidation could come only with a confirmed break below this level.
Note – We are inclined to long trade entries with the stop loss below 126.50 at the market
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