Hello Price Action Traders.
Yesterday, here in the blog, I discussed the possible eur/jpy rise with targets the area of resistance near 134.00. Today the price pushed up going just below the area mentioned. Today price formed one of my most used forex trading signals. The strong price rejection to stay near the resistance provides opportunities for some short on this market. The bearish break out of today’s low would confirm my analysis. The most important supports are located at 126.00 & 131.00.
It’s all for today!
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