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Weekly Timeframe:
Eurjpy: as discussed in Road to 124 and Can We Break 121 (posted in November) we stated if price manages to break 121 and close we can anticipate bullish rallies to 124 key weekly psychological. As we can see above we managed to have strong weekly close which created new highs.
If we maintain above this zone we can see 124 fulfill. Entries will have to be placed around 121 (gray zone) to mitigate risk.
(risk management is key)