Euro / Japanese Yen
Short
Updated

EURJPY Downtrend Continuation

118
The eurjpy pair rallied bullishly to test the resistance from my previous analysis.
Bulls couldn't break above it and the price rebounded bearishly.
EURJPY BEARISH MOMENTUM

The repeated closings below 138.288 and the trendline resistance suggest the downtrend will resume in the coming week.
Note:
Price has formed a head and shoulder reversal pattern on H1 tf reinforcing the bearish scenario.

Note
Target 1 reached

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