Opportunistic Wednesday presents us with EUR/JPY

Hello Traders,

Let’s hit the charts:

 

 

1. EUR/JPY

The EUR/JPY spent the entire Tuesday bouncing off support level 125.127.

Presently price is pressing on resistance level 126.182. What’s important about this resistance level is that some days ago it acted as a strong support level which price broke through.

If the present resistance level holds its ground, we may see price return to support level 125.127

 

What say you?

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