EURJPY Update - price continues lower as sellers target new lows

The EURJPY kicked off nicely as sellers take charge and hold lower levels. Price initially broke below 122.050 and then spiked higher to clear out the 122.300 level before the entry played out with a retest and failure of 122.050 as sellers put the squeeze on buyers. We are now watching for continuation lower as lower highs hold and potentially move price down to 120.190. See how this plays out.


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