Chart of the Day EURJPY

EURJPY broken resistance retest

EURJPY is breaking below a hard downside resistance 120.700 level. This break is opening a huge downside extension and an ongoing pullback for a retest is offering a new opportunity for selling. Only a daily close above 121.200 could invalidate a downside continuation that is where the stops for the short trades should be. ARMAT trading system is pointing lower 

Note: look for the short trade opportunities with the stop loss above 120.800 on a pullback rejection

 

 

 

 

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