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EURJPY 4hour Analysis October 30th, 2022

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: EJ is still holding at this high and is still overall bullish.

Going into this week we’re looking for bullish rejection from 146.250 minor support. Essentially we want to see a clear continuation up to 148.000 resistance.

Trade scenario 2: If we are to consider EJ bearish this week we would need to see a break below 146.250 with a confirmed lower high below.

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