The EUR/JPY cross trades with a positive bias for the second successive day on Wednesday
Sentiment is: Positive
Technical Analysis
The breakout of EUR/JPY through the 161.1870 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EUR/JPY could test 162.0366 within the next 18 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
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