EURJPY, NEW DIRECTION, POTENTIAL UPTREND

Updated
The pair is showing signs of a potential upward move to around the 121.50 price area. The potential setup remains valid above the 120.60 price area.

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Order cancelled
New price action on the lower time frame are showing rejection of the new uptrend. The setup is temporarily invalid until more signs of an upward push. Which we will update if we notice a change. Setup cancelled at break-even point.
Trend Analysis

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