EUR/JPY Classical 03.31
EUR/JPY: Tuesday’s break above 125.25 triggers the formation of an inverse head & shoulders pattern that now opens a measured move upside extension towards 130.00 over the coming days. Look for a close above 125.25 on Wednesday to help confirm bullish pattern structure. A break back below 124.00 would however delay and give reason for concern.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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