Eur/Jpy is currently stuck in a bearish wedge pattern that is about to draw to an end,
the breakout should be to the downside from this technical pattern:
on the weekly chart we can clearly see the wedge pattern,
which is pointing down - therefore bearish:
Eur/Jpy weekly chart
On the daily chart there is also a closer trendline down to be seen,
and the last two fibonacci expansion levels 61.8% of those last two moves down
are very close together, making for a support area,
which could lead to a …
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