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Euro / Japanese Yen

EURO YEN POSSIBLE 3rd TREND LINE TOUCH?

By TechnicallyTrading
EJ may have just put in a 3rd touch on the weekly decending trend line. The month of June EJ retraced to the 61.8% fib, will it hold? Last week produced a hammer bar and this week may end as a bearish engulfing with a possible CTL break. Could we see the lows of 126.000 and further down to 119.540?
3rdtouchBearish EngulfingCurrenciesEUREURJPYextensionFibonacciFibonacci RetracementForexlong-termpairsreversaltechanalysistradingTrend Linesyen

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