The EUR/JPY pair has shown strong bullish momentum and has already broken out of the recent inside days. The pair continues to respect the ascending trendline and has moved above previous resistance levels. Traders should monitor the potential for further upward movement while practicing proper risk management, with a stop-loss placed below the recent support. Stay tuned for updates as we track the progress and potential targets for this breakout.
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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.