EURJPY Analysis
EURJPY is moving in an Uptrend range by forming higher highs and higher lows in the 1-hour timeframe chart.
Recently, the market has broken the bottom level (higher lows) of the uptrend line.
After the confirmation of breakout at the bottom, the EURJPY Sell signal is given.
But, the market has re-entered back into the uptrend line range and continue its trend movement.
Finally, EURJPY reached our stop-loss price which is placed above the previous high.
Euro and other currencies rise against the USD due to the expectation of Positive senate result to Biden Presidency.
Euro rises as Post Brexit deal closed smoothly and it will bring more benefits for the Eurozone in trade areas. Due to this fundamental economic factors, EURO rises and move again in an uptrend.
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