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EURJPY and GPBUSD Week 32 Outlook

posted by Avatar Forex 1391 days ago in EUR, GBP, Technical made popular 1391 days ago

EURJPY: The first clear bearish candle closed just above the ascending trend line (some call it demand line) on the weekly chart. Trend remains on the upside but bullish momentum is weakening. Stochastic has crossed and turned downwards could signal top of 169.95 in place with possible retracement towards 165.61/64 area.
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