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EURJPY forming potential bear-flag

From thinkforex.com

The original analysis highlighted 2 bearish patterns unfolding, each with the same price targets: A Descending Triangle; A Triple top. The latter was confirmed with a downside break below 139.97 support and as long as we remain below 139.97 resistance then the target is 136.20 lows. As long as we remain below 139.97 then the bearish target remains 136.20, as projected by the triple top. Since the downside break of the triangle momentum has slowed and found support around Monthly S2 Pivot. A bullish Hammer formed the actual low, with subsequent price drifting upwards within a potential bearish flag formation. ... (full story)

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