EUR/JPY is testing several levels of confluence. We have the price failing to close above the 20 EMA. It is also testing a weekly resistence level at 135.700. We have seen lower lows and lower highs since 11/02 so my overall bias on this pair is short. Look for a short entry on the close of todays candle.
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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.