Update: EURJPY Retracement Movement Could Happen Soon!!!!
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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