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EUR/JPY Is Bullish While Above The Trend Line

By:
Nenad Kerkez
Published: Mar 26, 2020, 08:41 UTC

The EUR/JPY is trying to break higher above the trend line. If the price succeeds in staying above, then the next target could be W H5.

EUR/JPY Is Bullish While Above The Trend Line

In this article:

Dear Traders,

The EUR/JPY is trying to break higher above the trend line. If the price succeeds in staying above, then the next target could be W H5.

120.55-70 zone should provide buyers with fresh momentum. If the market gets addiotional impulse we should see a continuation towards 120.85. Above 120.85 we should see a push towards 121.30 and 121.56. Ideally, the price should not drop below 120.00 for this scenario to succeed. The recovery in EUR/JPY also puts the price in the risk on mode and the equities might go up too.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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