EURJPY Chart Technical Outlook

EURJPY Chart Technical Outlook breaks the expanding wedge to the upside. We have broken out of an expanding wedge formation to the upside. This pattern has a measured move target of 161.72. We have a 161.8% extension level located at 161.67. Reverse trend line support is located at 159.73. With bespoke support located at 159.73, this should be a substantial support barrier this morning.

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