Will EURJPY have enough momentum to break resistance?

EURJPY is heading towards the resistance line of a Channel Up and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Past performance is not an indicator of future results.
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