EURJPY is retesting the broken rectangle
Today we have EURJPY price action on a watch.
EURJPY has broken below the rectangle support 119 level and is retesting it. We could see an extension downside from here especially in the case of breaking below the next resistance 117.300 level. A daily close above the 120 level is required for a downside scenario invalidation. You can go short on the market with the stop loss above the 119.300 or wait for a confirmed break below 117.300.
ARMAT trading system is neutral
Note – retest of the previous resistance. Look for short trade entries with the stop loss above 119.500 if stopped reverse for long
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