EURJPY – Large triangle formation offers a downward bias

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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. For the last 9 months we have seen mixed results with levels close to the March Marabuzo of 132.79 (mid-point from open and close) finding sellers. November posted an Inside Harami Candle, a clear sign of investor indecision. Weekly: Holds within an Expanding ...

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