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FORECAST BY MARIUS GHISEA – EUR/JPY (November 9-14)

According to the 4 hour chart, the EUR/JPY currency pair is into range at this moment.  The signal for uptrend is at 132.70 level. If the price reaches this level, this pair will go in the medium term at 134.44, where is Fibo 50.

EURJPY4h-page-001

EUR/JPY is into an uptrend, according to the MACD on the daily chart. The short-term bottom for this pair was at 131.85, where is Fibo 61. If the price reaches  EMA 15 at 133.14, the target in the medium long term might be 135.37.

EURJPYdaily-page-001

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