Just a quick update from my previous EURJPY. By looking at today's price movement, we can see that EURJPY did not successfully breakout 124.75, with current price level holding 124.75 as a strong resistance level. No retest was seen when price moved out of 124.75 instead looks more like a fakeout. I am seeing a good risk to reward short opportunity down to 122+ price level (strong support level). BULLISH movement may come to a stop from here. Identified the level where a retest may occur before the fall.
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