EUR/JPY Price Analysis: Bears waiting to pounce below 143.70 EURJPY Technical Analysis
EUR/JPY was driven out of the bull trend last week but failed to break any significant structure to the downside so has moved sideways above the 142.80s, trapping both shorts and longs in the process. This trapped volume has the potential to result in a breakout one way or the other week. If we zoom down to the microstructure in a new week's template, we see that the initial balance is tilted to the upside, taking the price towards potential buy orders above 143.50.
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