Chart of The Day $EURJPY 2-07-2017

On the EURJPY daily chart, we can see that the pair has broken below the flag bottom 120.400 and is now likely to test 100 and 200 SMA confluence and 50% Fibo retracement of 0ct-Dec 16 swing up 118.358. This level is the strong upside support and could be an ideal long entry.

Happy trading! (click on the chart to enlarge it)

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