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EUR/JPY: 4-hour
Today, we have a possible rising wedge for EUR/JPY swing traders. The euro bulls are struggling with the 98.00 major psychological resistance on the 4-hour chart and the overbought Stochastic signal isn't helping either. You could aim for the 97.00 handle if you're planning to short the euro, but you could also wait for the pair to hit the rising trend line if you think that the euro rally still has legs in it.
Today, we have a possible rising wedge for EUR/JPY swing traders. The euro bulls are struggling with the 98.00 major psychological resistance on the 4-hour chart and the overbought Stochastic signal isn't helping either. You could aim for the 97.00 handle if you're planning to short the euro, but you could also wait for the pair to hit the rising trend line if you think that the euro rally still has legs in it.
