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Technical Outlook Of The EUR/JPY Cross Pair

Technical Outlook Of The EUR/JPY Cross Pair| FXMAG.COM
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technical outlook of the eur jpy cross pair grafika numer 1technical outlook of the eur jpy cross pair grafika numer 1

EUR/JPY has likely seen a small overthrow to complete the ending diagonal in wave c of B and should be ready to challenge the downside for a break below minor support at 142.82 indicating a top being in place, while a break below support at 142.33 will confirm the top and renewed downside pressure as wave C continues lower towards the ideal target seen at 134.10.

Read more: https://www.instaforex.eu/forex_analysis/313749

Relevance up to 07:00 2023-02-24 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Read more: https://www.instaforex.eu/forex_analysis/313749


Torben Melsted

Torben Melsted

Analytical expert of InstaForex

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


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