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EURJPY facing bearish pressure, potential for reversal!

Short
Euro / Japanese Yen (FOREXCOM:EURJPY)  
TradeGATEHub  
FOREXCOM:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY eurjpyshort EUR jpy
59
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trendanalysis harmonicpatterns chartpattern eurjpy eurjpyshort eur jpy
Price is holding below the Ichimoku cloud and descending trendline resistance,, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at 1st resistance, in line with 50% Fibonacci retracement and horizontal pullback resistance, and drop further towards 1st support, in line with 100%, 127.2% Fibonacci extension and horizontal swing low support.

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