The EUR/JPY currency pair is currently in a strong upward trend. The price has completed a secondary trend phase and is now showing potential to continue rising toward the previous resistance area, which serves as the next target.
The price structure remains bullish, forming higher highs and higher lows, indicating that buying pressure is still dominant. Unless disrupted by major market catalysts, the bullish continuation scenario remains likely.
Recommendation:
- Buy EUR/JPY
- Entry: 172.536
- Take Profit: 173.251
- Stop Loss: 172.000
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