Just a quick update from my previous EURJPY. By looking at today's price movement, we can see that EURJPY did not successfully breakout 124.75, with current price level holding 124.75 as a strong resistance level. No retest was seen when price moved out of 124.75 instead looks more like a fakeout. I am seeing a good risk to reward short opportunity down to 122+ price level (strong support level). BULLISH movement may come to a stop from here. Identified the level where a retest may occur before the fall.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!