EURJPY managed to hold above its recent low of 116.11 this week even though the 121.00 resistance area added some pressure. The positive performance in the market, however, is not the only good news. More importantly, the pair seems to be forming a double bottom pattern around 116.00 in the weekly chart which could be a bullish signal that the sell-off that started from the 2018 peak of 137.49 may have reached a bottom and it is time for the pair to change direction. A bullish cross [..]
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