EURJPY Chart Technical Outlook intraday resistance located at 164.62
We witnessed an impulsive move to the downside from the 164.92 swing high. Levels close to the 61.8% Fibonacci at 163.49 found buying interest. We will complete a bullish Gartley formation at 163.10. Prime intraday resistance is located at 164.62. This is the base of the order block. Selling at this level with a stop loss of 164.96 targeting the Gartley formation offers a risk-reward factor of 4.5R.
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