EURJPY was looking bullish until we tested our resistance at around 150.90. At this point, we started rejecting it to the point where we have broken out of the channel to the downside. However, considering the fundamentals affecting the japanese currency, this pair should soon continue the trend it started and the leg that was formed in the past few days should be a higher low before we go higher. More in the video...
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The fakeout scenario seems to be playing. I will keep this over the weekend. My sl is in profits...
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Higher low formed. Price is now going higher
