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Is EUR/JPY on Cusp of Major Rally?

posted by Avatar fx360 1068 days ago in EUR, JPY, Technical made popular 1068 days ago

The EUR/JPY is poised for a bullish medium-term recovery as prices have recently come off daily trendline support (see point C on daily at 131.41). This recent low at point C also comes in at 61.8% of the A2 swing adding additional strength/significance to this level of support.
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