EURJPY: Get Ready For The Next Movement

EURJPY: Get Ready For The Next Movement

The EURJPY has completed a bullish harmonic pattern and has tested a strong support and psychological zone near 156.00. Despite initial weakness, EURJPY recovered very well.

The JPY's strength has been bolstered by market uncertainty related to tariffs, driving volume towards safe-haven currencies like the JPY.

Currently, the EURJPY appears to be stabilizing, suggesting for a potential correction for the moment. The bullish trend may resume during next week after the price spends some time in correction.

You may find more details in the chart!
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