TipTVFinance

EUR/JPY - Re-test of 120.00 looks likely

FX:EURJPY   Euro / Japanese Yen
31 0 5
Pair's repeated failure at the expanding channel resistance over the last two weeks followed by a close below 50-DMA today would open doors for a drop to 120.02 (March 8 low).
The bearish 5-DMA and 10-DMA crossover further adds credence to the bearish view mentioned above.
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