The EUR/JPY currency pair is currently showing signs of bullish continuation. The potential for upside is considered strong, backed by a rising trendline and the formation of a double bottom pattern, which is a classic signal of a bullish reversal.
Additionally, the appearance of bullish candlestick confirmation further supports the case for continued upward movement. As long as the price remains above the support level and no strong selling pressure emerges, the bullish outlook remains valid.
Recommendation:
- Buy EUR/JPY
- Entry: 169.370
- Take Profit 1: 169.770
- Take Profit 2: 170.170
- Stop Loss: 168.970
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