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EURJPY Update: Bullish Cypher on H1 Chart

EURJPY Update: Bullish Cypher on H1 Chart

We have entered a short trade @ 124.800 based on a trendline breakout.

EU CPI will create volatility on EUR pairs.

I will close EURJPY at 124.300 and wait for the EU data.

We have a minor retracement pattern on the H1 Chart.

If data comes better than expected we may see a retracement on the pair.

The Setup of the pattern:

Trade: LOng

Entry: 124.280 – 124.210

Stop: Below 124.000

Target 1: 124.590 / Reached

Target 2: 124.750



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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

EURJPY: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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