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EUR/JPY Wave Analysis

FX_IDC:EURJPY   Euro / Japanese Yen
The price is moving in an uptrend channel . Wave 1 has been shaped. It is a strong wave following by a retracement move of wave 2. This retracement is expected to stop around 50% or 61.8% of Fibonacci levels. We can see a Zig-Zag pettern inside the wave 2. Level 4 is placing using Fibonacci extension .
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