Ometrading

Resistance setup-EURJPY

Short
FX:EURJPY   Euro / Japanese Yen
Price has stopped in a resistance level (129,00 aprox) showing a clear bearish setup. Price is showing a corrective structure(flag) wich has rejected 61,8% of fibonacci retracement. Also, price is below MA200. We must see a clear breakout of the corrective structure to think about a short trade.

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