Eur/Jpy is on the way down,
on the weekly chart we see a formation of three bearish candles indicating a further move down
The pair has broken through the 61.8% retracement level of the last weekly move up,
and has taken out the 61.8% fibonacci expansion level of last move down
A lower trendline will probably be broken by this price action,
leading the price further down to the 76.4% fibonacci retracement level
Eur/Jpy weekly chart
On the daily chart we see the price action as I believe it will …
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