EURJPY has broken through a support line of a Channel Up and suggests a possible movement to 161.3536 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 11 days.

Past performance is not an indicator of future results.
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