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ForecastCity
Oct 13, 2020 9:41 PM

💡Don't miss the great sell opportunity in EURJPY Short

FX:EURJPY60
Euro Fx/Japanese YenFXCM

Description

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Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (124.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 33.

Take Profits:
TP1= @ 123.45
TP2= @ 123.05
TP3= @ 122.55

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsEURjpyEURJPYeurojapaneseyen
Comments
DenizKilicDeniz
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Nice chart. I'm gonna use this one.
ForecastCity
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@DenizKilicDeniz, Thank you for your comment. Hope you get the most out of it.
Mehmetozdemi
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I'm long. But your chart seems more logical, as usual ;)
ForecastCity
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@Mehmetozdemi, Thanks for sharing your feedback.
musclemilk0075
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Well detailed chart. Thanks for sharing !!
ForecastCity
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@musclemilk0075, It's our pleasure. Thank you as well for your comment.
sofi_Morphy
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I have the same view.
ForecastCity
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@sofi_Morphy, Thank you for sharing your feedback.
Pro_Trader_007
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it's a great trading opportunity. 👌
ForecastCity
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@Pro_Trader_007, Thanks for your comment.
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