. There is a possibility of temporary retracement to suggested support line (119.80). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURJPY is in a downtrend and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The is at 52.
TP1= @ 120.520
TP2= @ 121.170
TP3= @ 122.100
TP4= @ 122.940
TP5= @ 124.440
SL= Break below S2
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