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Short

EUR/JPY momentum bearish after rejection at 100-DMA, stay short

FX:EURJPY   Euro Fx/Japanese Yen
159 0 4
EUR/JPY             is extending downside after rejection at 100-DMA resistance.

Momentum has turned bearish , we see scope for further downside.

The pair is currently holding 20-DMA support at 114 levels, break below could see drag upto 112.30

Major support levels - 114.04 (20-DMA), 113.35 ( trendline ), 113, 112.78 (Aug 24 low)

Major resistance levels - 114.76 (10-DMA), 115.06 (5-DMA), 115.59 (100-DMA), 115.79 ( Oct             11 high)

Good to short break below 114, SL: 114.75 target: 113.35/ 112.75/ 112.30
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