. There is still a possibility of temporary retracement to suggested resistance line (126.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The is at 48.
TP1= @ 126.34
TP2= @ 125.70
TP3= @ 125. 05
TP4= @ 123.95
TP5= @ 122.80
SL: Break Above R2
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