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05.07.201806:10 Forex Analysis & Reviews: Technical analysis of EUR/JPY for July 05, 2018

Long-term review
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Exchange Rates 05.07.2018 analysis

At the 4-hour chart we can see the EUR/JPY pair loosing its volatility, this can be confirmmed by this pair making a triangle pattern, this condition indicate there will be a significant movement in a future, now this pair will try to test the 128.39 level if this level can easily pass, there is a possibility this pair will reach their next target at the next support level 126.96.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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