EURJPY: Bearish Outlook Explained 🇪🇺🇯🇵

After a test of a significant daily structure resistance,
EURJPY retraced and formed a head and shoulders pattern on a 4H time frame.

Before the market closed, the price violated its neckline and closed below that.
It is an important sign of strength of the sellers.

The pair may keep falling now to 156.7 support level.

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