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Long

EURJPY 1 hour chart

FX:EURJPY   Euro / Japanese Yen
The long zone starts at the 124.50 level. The potential targets can be the larger offer levels of Institutional Holders. These are the 124.98, 125.50, 125.95 and the 126.55 levels.
The short zone starts at the 123.32 level. In this case he potential targets can be the larger bid levels of Institutional Holders. These are the 123.02, 122.55 and the 122.20 levels.
Since the price is in the long zone now (124.70), the first target is the 124.98 level.

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Comment: The price reached the 1st OFFER level.
Comment: The price reached the 2nd OFFER level.
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