EURJPY Chart Technical Outlook

EURJPY Chart Technical Outlook dip buying after completing the Gartley
The daily chart highlights the cross-building building of a Butterfly formation. It would suggest we are currently trading within the corrective BC leg.
The intraday chart highlights an expanding wedge pattern that has an eventual bias to break to the upside. We will complete a bullish Gartley pattern at 158.54. This could act as a favourable buy setup with a stop located below the previous swing low targeting the medium-term level.

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