The EUR/JPY daily chart has broken down a thick kumo support on the back of a highly impulsive bearish wave. Currently, the pair has retested the flat kumo bottom, and is trading bullish for the day. We're looking for an entry on a break of current lows, aiming to enjoy the fruits of the strong bearish bias on the pair as of late.
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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.