EUR-JPY First Down Then UP! Buy!
Updated
Hello, Traders!
EUR-JPY broke out of the strong resistance level, which spans back quite some time
If you scroll the daily chart to the left
Anyhow, the breakout is conclusive and signals the continuation of the bullish trend
However, the pair is overbought post brekaout
Therefore, I expect a pullback and a retest of the support confluence
Of the horizontal level and the rising support
So I will be looking at a long trade from the support
Buy!
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Note
Downside target reached!
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