– EURJPY broke the key resistance level 174.30
– Likely to rise to the resistance level 176.00
EURJPY currency pair recently broke above the key resistance level 174.30, which stopped the previous impulse wave I at the start of July.
The breakout of the resistance level 174.30 accelerated the active impulse wave iii of the higher upward impulse wave 5 from the middle of June.
Given the clear daily uptrend and widespread yen sales, EURJPY currency pair can be expected to rise further to the next resistance level 176.00.
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