EURJPY Short-term buy within the Channel Up.

The EURJPY pair is trading within a Channel Up pattern since the mid-March low with the 1D MA50 (blue trend-line) as the main Support. The 1D MACD made a Bullish Cross and every previous such formation within this pattern, has been a confirmed buy entry.

The first Higher High was a +9% rise, the second a +8% and assuming its a progression, we expect the current to complete at least a +7% rise. As a result, we are bullish, targeting 162.000.

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