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EUR/JPY is trading at the very apex of the triangle; therefore, a break-out might be anticipated. The shorter-term technical indicators are to the downside; although, there is a considerably strong supports ahead that could protect the pair from falling lower. The SWFX traders' expect a bearish break-out, as 66% of them have shorted the pair. Now, if the pair's bears drag the pair below the weekly PP and 200-period SMA then the weekly S2 is the target.
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