Contributors Technical Analysis EUR/JPY Attracted By Confluence Area

EUR/JPY Attracted By Confluence Area

Price edges higher again and is almost to hit the confluence area formed by the upper median line (UML) with the upper median line (uml) of the minor descending pitchfork. A valid breakout will accelerate the upside momentum and will invalidate the minor Head and Shoulders pattern. Only a rejection from here will keep the a bearish bias on the short term.

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