EURJPY has done a break and retest pattern, with support now turned resistance prior to the EUR Retail Sales data, which measures the total receipts for retail stores in the Eurozone. Technically the forex pair has broken below a key level, and both the trendline and moving averages are above as resistance. We anticipate downside to continue into the 128.740 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.