Friday, October 8, 2021 9:13 AM EDT
EUR/JPY looks like there could be a bounce or break soon as the market is at the confluence zone.
The descending trend line is marking a possible move down as it sits at the 88.6 POC zone confluence. A rejection from the 129.41 should be targeting 128.78 while the break above is bullish and should be targeting 129.89. Today is the NFP and after the NFP it will take the momentum directional move.
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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 leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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