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FX:EURJPY Forming Symmetrical Triangle

Interval: H1

eur-jpy-symetrical-triangle-chart-08.01.2013

The EUR/JPY has formed a very interesting symmetrical triangle. Even though, the price has braked  the trend line, this pattern may very well announce the continuation of the up move.

A break over the upper line of the triangle could send the price at the 117.00 level. On the other hand a break under the lower line could be the signal for a corrective move that would retest 112.40.

FX:EURJPY Forming Symmetrical Triangle by
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