Trade of the day EURJPY

EURJPY downside reversal

 

EURJPY is reversing down from the wedge top 130.70. This reversal can lead to a swing down for a test of 128.30 and lower for the long-term key upside support 126.70. Now a confirmed break above 130.70 is required for the upside continuation and invalidation of the downside reversal.

Note: look for the short trade entries with the stop loss above 129.50

 

EURJPY price action analysis

 

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