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EURJPY: Longs Loading?

Reading price action, we can see that we are in a uptrend meaning we should be looking for long-term buying opportunities. Price has recently broken resistance and is testing as new support. If price closes with the current rejection candle, we can anticipate price to push higher. However, if we break support and the trend line, we will have to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.

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