Contributors Technical Analysis EUR/JPY Struggling To Stay Higher

EUR/JPY Struggling To Stay Higher

EUR/JPY increased today and tries to approach the median line (ml) of the black ascending pitchfork, where he could find resistance again. I’ve said in the previous report that we may have a Rising Wedge pattern on this pair. You can see that is trapped within the two up sloping red line, but a breakout above the median line (ml) and above the 150% Fibonacci line will invalidate the chart pattern.

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