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VladimirRibakov

EURJPY Short Term Forecast

Short
Euro / Japanese Yen (OANDA:EURJPY)  
VladimirRibakov  
OANDA:EURJPY   Euro / Japanese Yen
Trend Analysis Multiple Time Frame Analysis EURJPY SELL Bearish Patterns forecast bullishtrendpattern correction support bearishtrendpattern
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trendanalysis mtfa eurjpy sell bearish forecast bullishtrendpattern correction support bearishtrendpattern
H4 - Bullish trend pattern. Expecting the correction to continue lower further.

Price still has room lower towards the two key support zones.

The first support zone is formed by the 61.8% (119.581) fibonacci expansion level of the first wave and the 50% (119.370) fibonacci retracement level of the bullish trend pattern.

The second support zone is formed by the 100% (117.993) fibonacci expansion level of the first wave and the 61.8% (118.172) fibonacci retracement level of the bullish trend pattern.

H1 - Bearish trend pattern followed by double wave correction. Expecting further continuation lower towards the key support zones.

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