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EURJPY Market Analysis: Head and Shoulder Pattern Indicates Bearish Movement
Posted on 25th Oct, 2023 | by Yuki Tanaka
A head and shoulder pattern formed on the EURJPY hourly chart on 25th Oct 2023, indicating a potential bearish movement. The pattern was confirmed when the market moved over 70 pips in a bearish direction the following day, from the neckline at 158.40 to 157.69. This movement aligns with the prediction made from the head and shoulder pattern. We hope you were able to take your profits from this movement.
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