EUR/JPY is showing potential for a significant bullish move, with price likely heading toward the classic resistance area. This upward momentum is further supported by the formation of a Symmetrical Triangle Pattern, which often signals a continuation of the bullish trend.
As long as price remains above the stop loss level, buying opportunities in EUR/JPY can be effectively utilized for potential gains.
Recommendation:
- Buy EUR/JPY
- Entry: 172.629
- Take Profit: 173.891
- Stop Loss: 171.756
*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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