Main scenario: consider long positions above the level of 143.90 with a target of 151.50 – 160.00 once a correction is formed. Alternative scenario: breakout and consolidation below the level of 143.
<p>The EUR/JPY made a bearish bounce at the 21 ema zone after a bearish breakout below it (wave a). The bearish impulse will probably complete a counter trend move near or at the 144 ema close.
The USDJPY currency pair has seen a significant extension of its upward movement, reaching as high as 145.21 from its starting point at 141.50. As long as the price remains above the rising trend line
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