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EUR/JPY – Rejected at descending trend line

FX:EURJPY   Euro Fx/Japanese Yen
Pair’s back to back failure at the descending trend line last week followed by a similar rejection today and a break below 115.00 levels has opened doors for 114.10 levels (classic monthly pivot S1). A violation there could yield a move to 112.00 (Sep 21 low).

On the higher side, only a daily close above the descending trend line would signal bearish invalidation.
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