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EURJPY: A BREAK & CLOSE BELOW 160.440 should indicate strong bearish momentum.
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As we eagerly practiced patience yesterday by waiting for the market to Break above the Weekly and Daily resistance trend line, this Break came about during the later hours of the New York session. Key notes; 1. EURJPY moves, if not always, around the early hours of the Asian session, so the Break above the Weekly and Daily resistance gave me a greenlight to go...
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EURJPY; On the weekly and daily, we are in an uptrend, for now, I would not engage in any Short position but rather wait for a significant push to the upside, leaving behind a FVG and then go Long. More details on my chart.
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