EURJPY Towards the end of the week, the EURJPY currency pair experienced a significant and forceful move to the downside. In the event that this downward momentum retraces and tests the 38.2 level without surpassing it, there is a possibility that the downtrend may persist and continue to exert its influence on the market.
Alternative Scenario:
If the buyers in the market manage to gather enough strength to push the price above a certain level, we could witness a potential retest of the 23.6 level, which may result in a bullish trend.
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linktr.ee/Tkprophet
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.