The long term trend for EurJpy is clearly up and after reaching a high above 124, the pair corrected 500 pips to find a bottom just in 50% fib retracement.
A succession o higher lows followed from here and EurJpy is trading now just above short term resistance.
I expect a new leg up and a new challenge of 124 high in the medium term.
A succession o higher lows followed from here and EurJpy is trading now just above short term resistance.
I expect a new leg up and a new challenge of 124 high in the medium term.
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