[TRADE FORMING] EURJPY Testing Upper Wedge

FX:EURJPY   Euro Fx/Japanese Yen
26 0 3
EURGBP             is tesing the upper TL of the wedge formation, but there are several layers of resistance so it will need to push through. It is currently at the confluence of the 200 and 50 SMAs, a push past the prior resistance level may be enough to set PA rocketing in the range of 422 pips to the upside. Will wait and see, remaining neutral for now.

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***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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