Two scenarios for EUR/JPY.
1. We could look for a LONG if there is a retracement at the 38.20% level of the fibonacci, wich is also on a key level and the heart line of the fib channel and because of the W formation partern (details in my previous analysis).
2. We could be looking for a SHORT if it brakes below the key level (wich would also break the heart line of the fib channel) and if the market retraces back on the key level.
I will update.
2. We could be looking for a SHORT if it brakes below the key level (wich would also break the heart line of the fib channel) and if the market retraces back on the key level.
I will update.
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