EURJPY - Higher Out of Technical Breakout
03 Feb 2015 14:21, GMTTalking 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
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