Trade of the Day – EURJPY – Dip buying close to the confluence area

EURJPY – Intraday – We look to Buy at 122.10 (stop at 121.65)

The rally was sold and the dip bought resulting in little net change yesterday. A sequence of intraday lower lows and highs has been posted. Levels close to the 61.8% pullback level of 122.15 found buyers. The selloff has posted an exhaustion count on the intraday chart. Bespoke resistance is located at 123.61. There is scope for mil…

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