EURJPY is bearish. There was a fake bullish breakout at the supply level of $122 on 27 December; the buyers were aiming at the supply level of $123 before the sellers opposed the increase in price. The pressure from the bears is high and the price dropped to the former demand level of $120. On a strong bearish daily candle emerged and broke down the former demand level of $120. The price exposed to the demand level of $119.


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