EUR/JPY - HEAD AND SHOULDER - BUY

POTENTIAL TRADE: EUR/JPY

I am looking to enter Long on this currency pair for the following reasons:
- Price broke below previous support at 119.5, however buyers had enough strength to push price back above key level 119.5
- Head and Shoulder pattern is evident.
- Bearish candles have many wicks to the upside which indicate weak selling pressure.
- Price is trading at key support zone which is also the right shoulder resistance.

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