You can see that EURJPY has been in a state of Consolidation for two weeks now, the base currency EUR is very strong and the JPY and other real pairs are pulling down but the EURJPY is swinging steadily and the bear pressure has been suppressed by the bull! Now the consolidation limit is broken and you can definitely get a target profit of 85 pip with a very good long order
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.