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EURJPY: Bearish Forecast Explained 🇪🇺🇯🇵

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Euro / Yen Jepun (FX:EURJPY)  
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FX:EURJPY   Euro / Yen Jepun
Wedge Trend Lines Multiple Time Frame Analysis euro japaneseyen jpy EUR Forex trading Technical Analysis Contains image
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wedgepattern trendline mtfa euro japaneseyen jpy eur forex trading technicalanalysis containsimage
snapshot

After a test of a confluence zone based on a daily horizontal resistance and 318 retracement of the major bearish impulse, EURJPY dropped and violated a support line of a rising wedge pattern on an hourly time frame.

It is an important bearish confirmation.
We may see a bearish movement to 156.2 / 155.5 soon.

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