Sell EURJPY Narrow Channel

Sell EURJPY Narrow Channel

Market sentiment:

Recent gains: EUR/JPY has seen 3 consecutive days of upward movement, reaching a new weekly high. This might lead some traders to take profits and sell off.

Global recession concerns: Rising recessionary fears could push investors towards safe-haven currencies like the Japanese Yen, potentially weakening EUR/JPY.

Thank you

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