On EURJPY price turned sharply higher from 120.60 area. So far, we can see a very aggressive leg up, towards the upper channel line which suggests that market has resumed an uptrend. However, nothing moves in straight line, so be aware of a corrective retracement back in wave 2) that may show up.
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FOREX, US Single STOCKS, CRYPTO
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Learn Elliott Waves
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.