EURJPY POSSIBLE SETUPS
The UPTREND on EURJPY is still intact, price got rejected from the 2019/2020 resistance zone.
Price is going down to retest the UPTREND LINE extending from 2020 May low, which also align with the minor horizontal resistance zone @ 125.00, price broke up the zone November 2020, clear rejection in this zone will set price higher, probably clear off the resistance zone @ 127.50 targeting 130.00 as TP.
WHILE, a rotation lower will set price lower targeting @ 121.70 as TP and possibly beyond
Price is going down to retest the UPTREND LINE extending from 2020 May low, which also align with the minor horizontal resistance zone @ 125.00, price broke up the zone November 2020, clear rejection in this zone will set price higher, probably clear off the resistance zone @ 127.50 targeting 130.00 as TP.
WHILE, a rotation lower will set price lower targeting @ 121.70 as TP and possibly beyond
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