DeGRAM

DeGRAM | EURJPY breakout. Growth

Panjang
FOREXCOM:EURJPY   Euro / Yen Jepun
The instrument is in an uptrend.
The price is sandwiched between local support formed inside the channel and strong resistance - the border of the price channel.
On a lower timeframe, we see a triangle pattern, a breakdown of resistance and consolidation after a correction at this level - a classic signal to buy
I expect a global correction to the channel resistance with further growth to 137.43

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