Talking Points:
- EURJPY another leg up underway
- Broke out of channel and downtrend resistance
- 13650-13750 looks plausible in the next couple of days
EURJPY breaking out of a consolidation pattern (channel) with a push higher in EURUSD. Yesterday, I highlighted the likelihood for EURUSD to move higher out of a triangle back to pre-ECB levels.
EURJPY 4-hr: Dec ’14 – Present
--- Written by Paul Robinson, DailyFX Research
To contact Paul, you can email him at instructor@dailyfx.com