EUR/JPY Forex Analysis and Forex Signal

EUR/JPY is currently in a consolidation period on the D1 timeframe. If price breaks through the D1 resistance or W1 support, we should see a nice setup for an entry.

If price breaks and candle body holds above the D1 resistance of 125.965669, then a long entry with targets of 127.010781 – 128.223858 is what I will be shooting for.

If price breaks and the candle body holds below the W1 support of 123.558178, then a short entry with target of 122.606379 will be my goal.

Cheers to another successful week!

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