EJ heading towards 125.5?

EURJPY: 

EURJPY

EURJPY has tested and rejected previous structure and trendline resistance at 130.8. As of Friday’s close, the pair has sold down quite significantly and it is highly possible that the downward momentum will continue for the next week.

125.5 would be a good area to watch was as it has seen strong buying strength previously and could possibly hold the pair once again.

Legend:

Monthly Levels: Represented in Red

Weekly Levels: Represented in Blue

Daily Levels: Represented in Black

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