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EURJPY facing bullish pressure, potential for further upside!

Long
Euro / Yen giapponese (FX:EURJPY)  
FXCM Broker  
FX:EURJPY   Euro / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns EUR jpy eurjpylong
149
10
trendanalysis harmonicpatterns chartpattern eur jpy eurjpylong
EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement. If prices fall through 1st support level, prices might pullback to 2nd support which coincides with 61.8% fibonacci extension and 50% fibonacci extension. EMA is also below prices, signalling a bullish pressure on prices.
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