EUR/JPY might be reversing soon

in #forex7 years ago

Hello everyone, the breakout setup from yesterday did not really have the momentum go break through the resistance and go beyond. Furthermore its showing bearish signs today. it might be a good time to enter short after the 1 hourly candle confirms the bearishness of this pair.

Long term wise, this pair also has a bearish outlook with the current political situation in Italy coupled with the inherent strength of Yen.

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