All the pairs have had a nice fall so far and i hope that the beginning of this week has provided all of you some good pips. Now let us take the pair EURJPY for our analysis. As posted in the attached 1H chart of EJ, it came down to its strong support at 128.13 and has since bounced. 128.13 is also strong support at higher timeframes and this support needs to be broken for any further down move. London should provide the direction for the next move for the day. On the upside, 128.5 has proved as a resistance so far and the next resistance would be 128.9.
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