The EURJPY formed a range

EUR/JPY
EUR/JPY

The EURJPY has change its way of movement from a declining wedge consolidation into a range. On the 1H chart, the range resistance is 98.82 and its support is 97.90. If the price breaks the resistance, it can reach 99.17 and even test the 100, which is an essential psychological level. If it goes through that level, the next resistance will occure at 101.35 – 101.65.

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