FXWW News/JPY crosses/Trade Ideas

EUR/JPY: Testing recent lows, selling rallies preferred

I think the bearish strategy is the correct one for EUR/JPY but we still need to pick our levels. Short-term support at 127.30 has been breached but I don’t think this pair is simply going to collapse, more likely we see some orderly swing trading with a bearish bias.

Sell now near 128.25/40 in my opinion.

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