The EUR/JPY pair fell today, and is closing towards the bottom of its range for the day. The pair seems like it is drifting sideways, and simply waiting for some kind of signal as what to do next. The significant 120 level is just above, and a break of that gets us buying again. A breakdown from here leads to 115, which would be a great place to buy as well. Central banks lurk below there, and will certainly make their presence known if we go much farther than the 115 level.
Originally posted here
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