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Daily Forex Update: EUR/JPY - Forex Analysis, Currency Forecast, FX Trading Signal - Action Forex

Daily Forex Update: EUR/JPY The downtrend on the EUR/JPY's daily chart has begun to squeeze into the narrow range of a Falling Wedge pattern. This squeeze is also slowing downtrend momentum (confirmed by Autochartist's two-bar Initial Trend reading), opening up the possibility for reversals on the intraday timeframes. Consequently, the Channel Down pattern on the 240-minute chart may be... moreDaily Forex Update: EUR/JPY The downtrend on the EUR/JPY's daily chart has begun to squeeze into the narrow range of a Falling Wedge pattern. This squeeze is also slowing downtrend momentum (confirmed by Autochartist's two-bar Initial Trend reading), opening up the possibility for reversals on the intraday timeframes. Consequently, the Channel Down pattern on the 240-minute chart may be presenting a reversal buy entry - if, that is, prices can rally through downtrend line resistance at 109.55.Forex, Forex Portal, Forex Trading. Forex Trading Recommendation, Forecast, Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebooks, Learn to Trade Forex, FX Guide, Currency Rates, Forex Secret, Forex Brokers, Currency Trading System, FX Chart, Free Forex Demo, FX Directory, Forex Tutorial, Currency Report, FX Newsletter, Pivot Points, Forex Portal, RSS EUR/USD GBP/USD USD/CHF USD/JPY view page