AhmedHassanien

EURJPY | RISING WEDGE

Short
FX:EURJPY   Euro / Japanese Yen
By continuing below the top of 134.00 and breaking the lower boundary of the rising wedge pattern below 130.00, we expect a drop to the 50 and 61 Fibonacci retracement levels (124.00 - 122.50), which represents a retest of the monthly bearish trendline since 2008, which was breached above last January.

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