The EUR/JPY has formed a clear bullish swing above the POC zone. A retest of the zone might show fresh buyers
125.00-10 is the POC zone. Any pullback within could be used for fresh buying. 1h or 4h close above 125.80 will show a continuation of bullish momentum with extended target 126.20. If we take a look at the big picture, we can see a bullish Type II “Leaning W” pattern on H1 time frame that is in place. For this analysis to be valid, price should not close below 124.30
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Davin Wu aka AmbitionFX