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ThinkingAntsOk

"Top and Bottom Analysis" EURJPY by ThinkingAntsOk

Long
Euro / Japanese Yen (FX:EURJPY)  
ThinkingAntsOk  
FX:EURJPY   Euro / Japanese Yen
Support and Resistance Trend Lines Multiple Time Frame Analysis EURJPY EUR jpy ｆｘ Forex
12
7
supportandresistance trendline mtfa eurjpy eur jpy ｆｘ forex
4H Chart Explanation:

- Price broke the Descending Channel.
- Price is on the Weekly Ascending Trendline (Bottom of the Triangle Pattern) and have tested it 4 times.
- If price bounces from here, it has a long potential movement towards the Resistance Zones.
- The next Resistance Zone is 123.22, the next one is 125.044 and the last one is 126.764.

The Weekly and Daily Analysis also supports that idea. Take a look!

Weekly Vision:
snapshot

Daily Vision:
snapshot
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