theselfishtrader

Bullish Inside Bar breakout

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FX:EURJPY   歐元 / 日圓
After forming an inside bar pattern at range support (Daily timeframe), price is testing the highs of the narrow range candle from last Friday.
I expect a short term bullish move higher with some early resistance provided in the zone between the 38.2% and 50% Fibonacci retracement levels (Daily timeframe) and previous support structure at 118.462

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