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EURJPY ANALYSIS ON H4 CHART.

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Euro / Japanese Yen (FOREXCOM:EURJPY)  
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FOREXCOM:EURJPY   Euro / Japanese Yen
Trend Analysis Technical Indicators Fundamental Analysis EURJPY forexsignals forextrading forexanalysis
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Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke the support zone of 127.500.

The eurozone retail sales date (Actual:0.2%, Forecast: 1.5%, Previous: -3.0%) released last Friday indicated a slowdown in consumer spending in January

Currently, EUR/JPY is testing the support zone of 125.000 and the next resistance zone is at 127.500.
Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 125.000.

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