EUR/JPY Bounce Is Expected

The EUR/JPY is bullish and after a retracement we should see the price moving up.

EUR/JPY is bouncing off from the POC zone. 131.60 is where we should expect the market to go up. The first target is 131.87. The structure is bullish with the trend line which is supporting the bounce.  Break above that level and 134.00 is next. If bullish momentum persists we should see 135.89. Have in mind that this is the daily timeframe setup and protecting profits is important.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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