#EURJPY has recently made a significant move as it enters the demand area marked in blue at the 172.50 level. This particular area is crucial as it often indicates a point where buyers are likely to step in and create a surge in demand. As a result, market participants are anticipating a liquidity grab in the upcoming hours, which could potentially lead to a notable price movement.
Looking ahead, the target projection for #EURJPY is set at 175.20. This level is significant as it represents a potential upside target for the currency pair. Traders and analysts are closely monitoring the price action to see if the anticipated move towards 175.20 materializes as expected.
In conclusion, the current market dynamics suggest that #EURJPY is poised for a potential bullish momentum towards 175.20 following the liquidity grab in the demand area at 172.50. Traders are advised to stay vigilant and monitor the price action closely for any developments that may impact the projected move. Chris
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