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EURJPY is facing bullish pressure, potential for further upside

Long
Euro / Japanese Yen (FX:EURJPY)  
TradeGATEHub  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EUR jpy eurjpylong
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trendanalysis harmonicpatterns chartpattern eur jpy eurjpylong
Price is facing bullish pressure from 1st support level which is a horizontal swing low support, in line with 61.8% fibonacci retracement and 50% fibonacci extension level. Price might bounce up from 1st support to the 1st resistance which coincides with the 78.6% fibonacci retracement. If prices fall through 1st support and the ascending trendline support, it might reach 2nd support level which is the next horizontal swing low resistance, in line with the 78.6% fibonacci extension.
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