Sideways trend in EUR/JPY daily chart

eur-jpyTrend is sideways in daily time frame of EUR/JPY currency pair. Based on Elliott wave analysis current price action looks a possible bullish triangle pattern. A good idea is to stay on the side lines and wait for a bullish or bearish break out. Next, look for a trade in the favour of market break out in daily chart of EUR/JPY currency pair.

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