© Dukascopy Bank SA
Recently, the currency pair has attempted to breach the pattern's lower limit and, indeed, it succeeded but a slump to almost a two-month low of 139.19 unexpectedly gave the pair an impulse for a climb and the instrument returned to the pattern's area. In the hours to come, EUR/JPY may continue its appreciation as 64% of traders are holding long positions in the pair.
© Dukascopy Bank SA