EURJPY possible move?
It is known that it's more probable for the Double Bottom pattern to reverse the move preceding it. This is true for this upward move as well. Other factors I'm seeing at play here are the support and resistance areas. The price respected a recent resistance area and is now headed towards support (a previously crossed resistance area to turn into support; with the support trendline as an added confirmation for this bias). The overall forecast is as shown on the chart. We'll follow the price as it builds up and react to what it does.
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