DariusAnucauskas

EURJPY - 240 - Watch the breakouts from the triangle.

FX_IDC:EURJPY   Euro / Japanese Yen
Forming a triangle here, so that means the pair is getting squeezed and there should be a pop to one of the sides. I won't be surprised, if it will stay stagnant till Friday's NFPs. But then again, anything could happen.
No, I am leaning more to the BUY side, as we will look at the graph on a bigger time frame, like the Daily, then we could try and class this triangle formation as a pennant , which could be a continuation indicator. So, potentially, we could see a move higher.
I wouldn't recommend entering any positions right now, but you could observe the potential break out levels on the triangle.

As always, be careful and keep an eye on the price action!
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