Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (128.800).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 29
Take Profits:
TP1= @ 128.460
TP2= @ 128.219
TP3= @ 127.930
TP4= @ 127.539
TP5= @ 126.995
SL: Break Above R2
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