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pomoziadam
18 de May. de 2022 19:17

EURJPY scenarios for the upcoming weeks Largo

Euro / Japanese YenFOREX.com

Descripción

EURJPY has broken out from last year's trading range in March and now the course is backtesting this level. If this move do not collapse to a deviation, we will more probably see further price appreciation upwards. The breakout was impulsive, especially on the monthly chart. As last year's range top is a very important and price action was strong on higher TF, I would choose the long scenario when reversal detected. Fallback into the 2021 trading range can result in an accelerated lift to the range low. Price targets marked with lines in both directions.
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