ClearEdgeFX

EURJPY - D - UP OR DOWN? OPPORTUNITIES IN BOTH DIRECTIONS

FX:EURJPY   Euro / Japanese Yen
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We're keeping a close eye on EURJPY given its current location. The ascending triangle is hinting at a breakout to the upside. If we see a close above the 141.00 level then we'll likely take a long position. That said we can also see the ascending trendline being broken down at some point. Only then we'll consider taking a short position.
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