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EUR/JPY currency pair analysis

21.02.2022

Market Review

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Watch EUR/JPY online

Trade idea:

Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss is below the local minimum of the descendant structure (129.95).

Target levels: 133.10; 133.50.

Author: GC
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