Breach of resistance line imminent by EURJPY

EURJPY is moving towards the resistance line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EURJPY continues in its current trajectory, we can expect it to reach 128.5920 within the next 12 hours.

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