After days of consolidation, today's candle has clearly show us that EURJPY resistance is holding strongly without any form of breakout to the upside. Instead, today's candle show us a shooting star candlestick pattern. We can see a possible BEARISH retracement to 61.8% - 78.6% fib level. There is also a strong support at 124.72 price level which will be where 78.6% fib level lies. However, having said that, wick fill might occur so be smart when placing your SL.
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