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EUR/JPY Struggling To Stay Higher

EUR/JPY increased today and tries to approach the median line (ml) of the black ascending pitchfork, where he could find resistance again. I’ve said in the previous report that we may have a Rising Wedge pattern on this pair. You can see that is trapped within the two up sloping red line, but a breakout above the median line (ml) and above the 150% Fibonacci line will invalidate the chart pattern.

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MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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