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EUR/JPY Potential Downward Movement

EUR/JPY Long-Term Trend: Bearish

Key Resistance Levels: 184.661, 185.352, 185.926

Key Support Levels: 183.952, 183.783, 183.359

4-hr. Chart:

The price on the higher time frame has recently reversed after being in an uptrend. it showed great reaction at a resistance level of 184.661. The pair has broken another support level, which suggests further trend continuation.

EUR/JPY Medium-Term Trend: Bearish

15-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It has shown pullback to the marked resistance area. As of now the pair has reacted and broken the minor bullish structure before continuing the momentum.

Signal Idea:

Sell Market Order @ 184.339

TP @ 184.013

Stop Loss @ 184.704

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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