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Trading Idea - EUR/JPY, 06-12-2023
Trading Signal: EURJPY
| Order | Buy |
| Direction | Range Bound |
| Pattern | Trading in flag |
| Interval | Daily |
| Length (Candles) | 9 |
Idea Summary
The medium term EURJPY price forecast is bullish. The EURJPY price is testing the support of a flag chart pattern and the Fibonacci 23.6 level above the 200-period moving average MA(200). Most likely the price will reflect off the support and rise while there is a likelihood it may breach below the Fibonacci 23.6 level and support and continue declining.
Note:
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