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traderpulse
Jun 29, 2018 6:50 AM

EUR/JPY Technical analysis 

Euro Fx/Japanese YenFXCM

Description

The 4-hour chart of EUR/JPY formed a double top pattern and made a strong sell off.
Now it currently retesting the support of the double top pattern.
The chart is also forming a up channel which could be interpreted as bearish flag too.
As per our analysis,the counter is trading around multiple resistance zones and a strong selling pressure could be experienced.
On the contrary,if it breaks the resistance zone it could head towards the next resistance of 130.337.
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