EURJPY – Looking to sell into the AB=CD correction

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Monthly: Posted a bearish Outside Month in March. This pattern often highlights the top of a trend and the start of a new downward bias. The Marabuzo level (mid-point from open and close) is located at 132.76. Price action in April has seen sellers emerge above this level. Weekly: A 261.8% extension level from the current trend (137.55-128.99) is located at 115.14. This is close to the Apri...

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