Euro / Japanese Yen
Long

EURJPY

177
I was looking for a break higher for the EURJPY. However this move didn't get triggered and we saw a triangle correction and another impulse lower.
Last week I mentioned that a triangle almost always occurs prior to the final move of the structure. With a new low and reversal we might see a bullish break out next week.

snapshot

I will be looking for the break to buy the EURJPY.

For my previous update see below:

snapshot


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