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Down trend in EUR/JPY 15 Minutes chart
Monday, November 9, 2015 18:26
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Trend is bearish in 15 minutes chart of EUR/JPY currency pair. Important resistance is present at 133.17 price level. All those traders who followed my Elliott wave forecast and opened a sell trade made a right decision as price dropped, today. Based on Elliott wave principle, current decline is a bearish Wave A and now I expect price to turn sideways and probably move up a little bit to complete bullish Wave B. Next, I expect a top and drop in EUR/JPY currency pair.
Source: http://www.fxinstructor.com/blog/down-trend-in-eurjpy-15-minutes-chart
