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Weekly Time Frame:
Daily Time Frame
EurJpy: Current Price 121.025, hovering around 121.000 key psychological zone if price breaks above we can anticipate 124.000 key psychological.
The monthly time frame is showing signs of a morning star reversal formation as it is testing strong areas of resistance with the cross of our weekly moving averages. Though we did close off a strong daily engulfing, we need to hold off for added confirmation/confluence for a clear directional bias.
(Risk management is key trade safe!)
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