EUR/JPY is currently expected to move higher. This bullish outlook is supported by the formation of a Double Bottom pattern, which signals a potential reversal, along with candlestick confirmation that strengthens the bullish bias.
Furthermore, the trendline shift from bearish to bullish highlights the start of upward momentum, indicating a strong potential for price appreciation.
Recommendation:
- Buy EUR/JPY
- Entry: 172.621
- Take Profit: 173.041
- Stop Loss: 172.336
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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