EUR/JPY Classical Technical Report 10.31
EUR/JPY:The market continues to show signs of the carving of a material base with the latest break back above the 107.50 area triggering an inverse head & shoulders formation on the daily chart which opens the door for a move towards the 114.00 area further up. From here, look for any setbacks to be well supported in the 107.50 area, with only a break back below 105.00 to negate.
--- Written by Joel Kruger, Technical Currency Strategist
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