Either a rebound or a breakout imminent on EUR/JPY
EUR/JPY is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of EUR/JPY to test 122.5390 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
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