EUR/JPY: Our Expectations: The price has made a correction to level 23.6 of Fibo where is also a strong horizontal support level near the zone of 128.750 - 128.500. The price is also supported by two diagonal supports and is in the lower end of a bullish channel.
SL: 128.700
Alternative scenario: If the price goes below 128.700 and below the diagonal and horizontal supports this will spoil the bullish scenario.
Comment: Price action signal - Tripple test of the horizontal support and two higher lows.
DEM(14): Is in the middle of its range.
Trader - S. Fuchedzhiev
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