Euro / Japanese Yen
Short
Updated

DeGRAM | EURJPY pullback from resistance

460
EURJPY is moving in an ascending channel.

The volatility continues to decline, which means that a new impulse is about to emerge.

The price is approaching the psychological resistance level of 165.

The chart has already reacted twice with a sharp decline after reaching the dynamic resistance.

We expect a pullback to the 50% retracement level after the resistance retest.


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Trade closed: target reached

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