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Technical points
Key point 132.1900
Entry point 132.8400
Elliott 133.4900
Closing 132.5500
Projection 131.6500
trendline 132.3300
trendline 133.0100
Supports / resistances
Res 2 133.9500
Ex-High 133.4900
Res 1 133.2500
pivot 132.7900
Soup 1 132.0900
Ex-Low 132.3300
Sup 2 131.6300
Slightly Bullish
Is likely to rise to around 133.95
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Time Frame 4 H
indicator = DE MARK TREND LINE TRADER (COMBINED fractals, TREND LINE, PIVOT POINT, LINE TRIGGER)
reason = acceleration mode can not be continued under the bearish trend line de red mark after the bullish engulfing candle appears after a bearish engulfing candle also emerged that the pair moving sideways just below this trend line
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Time Frame 4 H
indicator = DE MARK TREND LINE TRADER (COMBINED fractals, TREND LINE, PIVOT POINT, LINE TRIGGER)
reason = number of times the pair did not managed to penetrate the trend line de red mark because of the dominance of bullish and bearish candle candle as strong so the pair only moving flat in the consolidation zone narrows
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EURJPY is still playing at the highest area in the price range 134.10-134.40. Break up the daily MA area could bring to the area EURJPY major resistance at 134.45, while if maintained under MA area daily, EURJPY could go back down to the target area of support at 133.85
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