EURJPY Post ECB

The yen has bounced of the resistance area we pointed out in the past few days. The strong resistance along with bearish divergence gave us a good signal for entry. We are currently continuing to hold this post ECB to see if it will break and close below the blue line at 136.32. A break and close below this line would help sign some more downside. BE CAUTIOUS! With everyone on the bandwagon and such bad news, a small shift could mean a reversal. Happy Trading!

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