The EURJPY currency pair is currently showing signs of potential upside. Recent technical analysis indicates a bullish momentum supported by the formation of a strong bullish candlestick pattern. Additionally, the upward trendline remains intact, signaling continued buying pressure in the market.
Further strengthening this projection is the appearance of a higher low (HL) momentum and a double bottom pattern, both of which are strong indicators of a possible trend reversal from bearish to bullish. With all these technical signals aligning, EURJPY presents an attractive opportunity for a buy setup in the short to medium term.
Trade Recommendation
BUY Entry: 163.500
Take Profit: 163.900
Take Profit (2): 164.300
Stop Loss: 163.100
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