Cherry94

Breakout of the forming resistance

Long
Cherry94 Updated   
FX:EURJPY   Euro / Japanese Yen
After the extreme slump, the instrument seems to be pushing higher as every downswing manages to go less and less low than the previous one while tightening to the newly formed resistance "A".
1)Stop loss in under the recent lows of the current consolidation.
2)Profit target is around Dec 28 highs.
Trade closed: stop reached

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