EUR/JPY Price Analysis: Bulls firming into key H4 resistance By ross_burland EURJPY Technical Analysis
o be a phase of reaccumulation. The following illustrates the market structure from a daily and 4-hour perspective:The price made a deep correction from the daily highs and has spent a number of days in consolidation. However, the bullish price action, while encouraging, could be short-lived unless the bulls can crack the 4-hour resistance.EUR/JPY is meeting resistance near 135.50/60. The W-formation is a bearish feature as well, with the price expected to revisit the neckline of the pattern.
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