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Euro / Japanese Yen
Short

EURJPY Prepping for a further downmove?

By trademinim
Updated
The overall maintrend is still bearish. While current market structure has broken, price is still in a compressing range. We will favor the downside but will wait for a trigger to go short. Anticipating a rally towards 117x supply area before the selling continues.

Verdict: Wait for signal to go short
Trade closed: target reached
trademinim
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