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theforexarmy

EURJPY Approaching Resistance, Prepare For A Reversal

Short
Euro / Yen Japonais (OANDA:EURJPY)  
theforexarmy  
OANDA:EURJPY   Euro / Yen Japonais
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR jpy eurjpyshort Forex forexsignals
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trendanalysis harmonicpatterns chartpattern eurjpy eur jpy eurjpyshort forex forexsignals
Sell below 129.67.
Stop loss 129.95.
Take profit at 129.04.
Reason for the trading strategy (technically):
EURJPY is approaching its resistance at 129.67 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 129.04 (50% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Clause de non-responsabilité

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