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EURJPY formed a Channel Up on the 1 hour chart. Retest of support in sight.

Emerging Channel Up detected on EURJPY – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 163.175 and it is expected to move to 161.8666.

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After testing 41365.8906 numerous times, DOW 30 is once again approaching this price point. Can we expect a bearish trend to follow?

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