As we have discussed in our Weekly forecast about EurJpy, now we have seen yesterday that EurJpy again rejected 126.80 area.
Pair did break the resistance on the hourly chart, but if you see the daily time frame EurJpy reversed after hitting the resistance moreover now we will watch for the short setup carefully.
If you want to take the aggressive trade you can still short the pair from 126.00 but the stop-loss should be 127.30.
Ideally, we want to short from 126.30-50 with the same stop loss and our targets will be 124.40 and 122.00.
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