EURJPY has broken out of the shown structure. We could interpret this action as a sell signal. We might see a pullback back to the broken structure for a brief retest of it. Wait for the pull back or a clear entry signal on the lower time frames for an entry.
Note
This is how it looks on the weekly time frame. It has been rejected by the 50EMA on the 1W chart. Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.