EURJPY May Retrace! Here is WHY:
EURJPY reached a key weekly structure resistance.
this key level matches perfectly with a resistance line of a rising channel on a daily.
once the market touched this line, we see a strong bearish reaction and bearish engulfing candle formation on 4h.
based on that I believe that the price may drop even lower.
goal - 125.6
good luck
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