EURJPY: Top-Down Analysis & Trading Plan

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EURJPY has surpassed and closed above a significant daily resistance level, which has now become support.

We are observing a retest of this broken structure.
To enter a long position, look for confirmation through a breakout of the horizontal range on the hourly chart.

A close of an hourly candle above its resistance will signal buyer strength.
A bullish continuation is expected towards the 164.63 level.

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