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EUR/JPY currency pair analysis

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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