Head’s up – EUR/JPY seems to violate descending triangle!

What’s up, traders.

I have been monitoring the EUR/JPY since this morning since morning and finally got to see some movement. The EUR/JPY has formed a descending triangle pattern which is providing it a strong support near 128.600.

The pair is trying to violate 128.600 and if this happens, we may have an opportunity to target quick 30/40 pips until 128.100. Stay tuned to FX Leaders’ signal page for more updates!

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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