EURJPY

EURJPY has a green rising channel and blue falling channel. Red line is the main trend line.

So, as the pice above the bottom green line, it is ok. But if it crosses the red main line and gets over this line, then the upper green line would be the target point.

If it gets under the bottom green line, then we expect to see the bottom blue line as the target point. Bear market starts under the bottom green line.

For now, it is still bullish.

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