EURJPY has completed a Bullish Gartley Pattern and is now trading at strong support. The current price looks good for a Buy Position with a stoploss 127.70. Targets are mentioned on the chart.
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Welcome to this analysis where we are looking at JPYEUR 4-hour timeframe perspective, the recent events, the current formational structure building up, what to expect the next times, and how possible entries can look. JPYEUR is still moving in a downtrend where it can form now the decisive reversal-formation which can...
My Analyses On JPYEUR :
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EURJPY is potentially making a long term low. We have a double bottom on the weekly and one on the daily as well, which gives a lot of potential for the long term. As always with double bottom, there is a downside, that is if it turns into a triangle (making a lower high) as the red line suggests on the left.
For the coming days/weeks, we there is a double...
depend the action of the banks and the influence on the market i think the price may go up to fulfill the bank's orders to sell
plus there is a wedge on the chart and confirms the idea to JPYEUR's fall