EUR/JPY looks ready to break higher from a wedge on the 4h chart
Price is just above the channel mid-line suggesting a move higher is more likely, recent price action could also be showing a failed breakout lower from an ascending wedge on the daily chart. Current market sentiment today appears to be for 'RISK ON' which would favour EUR over JPY.
Price is just above the channel mid-line suggesting a move higher is more likely, recent price action could also be showing a failed breakout lower from an ascending wedge on the daily chart. Current market sentiment today appears to be for 'RISK ON' which would favour EUR over JPY.