vj20_fx

Support Zone

Long
FX:EURJPY   Euro / Japanese Yen
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2
This pair is at its lowest since November 2016. Price has been re-testing 117.530 for the past week where wicks have been struggling to break past support zone . Price is also creating higher lows that have struggled to meet trend 3 times which confirms the down trend is weakening. I believe price is possibly going to go into an uptrend which will breakthrough all 3 trend lines . My first TP is the daily Res as this has proven to be a strong resistance so we may have a pull back.

Comments

hey, do you think the pair is still up for a push by the bulls? i like the analysis, simple trendlines and MA. hope it works out
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