EUR/JPY opened with a gap up, but price failed to sustain any significant bullish momentum. Instead, it formed a new lower high and broke below a minor support level, reinforcing the bearish outlook.
Given this setup, EUR/JPY is expected to extend its decline toward the next minor support area, while also aiming to close the previous gap up.
Recommendation:
- Sell EUR/JPY
- Entry: 173.135
- Take Profit: 172.678
- Stop Loss: 173.587
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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