EURJPY broke downtrend line price above key level around 123.20 price also above SMA 100 RSI in uptrend line above 50 MACD shows start of bullish momentum if price break resistance level 1 around 123.70 it will confirm bullish movement to resistance level 2 around 125.00
looks good so far let's see what happens.
although one noteworthy observation:
since we are in downtrend, bullish
patterns tend to fail more often than not.
MMFXSignals
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@ProjectSyndicate, price broke donwtrendline, pair was in accumulation phase before running +68 pips