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EUR/JPY Bullish Bounce and Cup with Handle Pattern

By:
Nenad Kerkez
Published: Jul 15, 2020, 07:49 UTC

The EUR/JPY has formed a cup with handle pattern and we might expect further continuation to the upside.

EUR/JPY

In this article:

The EUR/JPY has formed a cup with handle pattern and we might expect further continuation to the upside.

A retracement towards the POC zone 121.65-75 could be used for a possible entry. Bulls are waiting for a new push above D H3 camarilla pivot. The price is bullish but also in a retracement mode. 122.00 is important support so the pair could also bounce from it too. Targets are 122.46, 122.70 and if bullish momentum persists – 123.09.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

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About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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