EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 161.811 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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TP in sight so we are being patient!
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