Key moment for EURJPY! Recently, the EURJPY broke above the u | FBS Analytics

Key moment for EURJPY!

Recently, the EURJPY broke above the upper border of the falling wedge. Moreover, the price is currently trading above the global support trendline. Thus, we can await an upcoming bullish movement.

Trade: Buy EURJPY on a breakout above 156.80;
TP: 157.70.

However, it's important to mention that a decline below the support trendline will open the way to 155.50 for the pair.

Do you support bulls or bears in this case?

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