fximperija
Long

EJ at lower channel boundary

FX:EURJPY   Euro / Japanese Yen
86 0 0
EJ             just reached the lower channel boundary and expected to go up toward upper boundary with first resistance around 61.8 ret. (141.2) for roughly 135 pips. Next res at 139.6 and further at 88.6 (139.25) should UJ break out of channel. More likely to bounce of boundary and head north.
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