EUR/JPY – Channel Resistance vs. Rising Trendline Support

Consolidation channel: The EUR/JPY has been consolidating in a slightly-tilted-downwards channel since finding resistance at 127.72 in early February. It recently found support around the 123.00 handle, which was a confluence of other support factors. A swing to almost 126 now tests the…

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EUR/JPY – Channel Resistance vs. Rising Trendline Support

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