ðą EURJPY - Breakout of trend support. Market panic
EURJPY breaks trend support and prepares to fall. The local trend may change amid JPY intervention and EUR weakening
TA on the high timeframe:
1) Strong bullish trend.
2) Support area retest
TA on low timeframe:
1) Price breaks trend support
2) The level, which can be broken to start a strong down phase, is still holding the price back - 158.29.
3) If 158.29 is broken, the price will head towards 157.06.
Key resistance: 158.92
Key support: 158.29
TA on the high timeframe:
1) Strong bullish trend.
2) Support area retest
TA on low timeframe:
1) Price breaks trend support
2) The level, which can be broken to start a strong down phase, is still holding the price back - 158.29.
3) If 158.29 is broken, the price will head towards 157.06.
Key resistance: 158.92
Key support: 158.29
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