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EURJPY - Look for Continuation Long (SWING) 1:2!
EURJPY is somewhat correlated with GBPJPY, which currently shows no signs of going bearish.
After solidly breaking the monthly support and executing a nice pullback, EURJPY reacted firmly on the support with a few strong hourly candlesticks.
Like GBPJPY, we need to wait for it to break the current resistance before going long. Look for a strong bullish candlestick and a firm correction before entering.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
After solidly breaking the monthly support and executing a nice pullback, EURJPY reacted firmly on the support with a few strong hourly candlesticks.
Like GBPJPY, we need to wait for it to break the current resistance before going long. Look for a strong bullish candlestick and a firm correction before entering.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
_S.Fx_
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