EURJPY Chart Technical Outlook

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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