EURJPY has been moving in the triangle since May 10th. Today there was a first attempt of breaking the triangle up. For now that attempt was failed. However if another attempt is successfull, next targets for upward movement will be located at 124.10, 124.60. Alternatively if the triangle is break below, bearish targets will be located at 122.80, 121.80.
Right now it is likely that the price will move up, but in a long term there is downtrend at EURJPY and within few weeks it should return to a main trend. It is likely that the price will move up right now, but in a long term at EURJPY is downtrend and within few weeks the price should return to a main trend.
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