EURJPY looks to continue rotation back lower after failed break in London
The EURJPY has resumed a downward bias after failing on a break above both the 200 hour MA (green line) and channel trendline during the London session. The price is back in the downward channel and is looking to break below the 38.2% retracement level. The low from yesterday came in at 100.047. A move below that level will next target the 50% of the move up from the January 16th low to the high reached on January 25th. That level comes in at 99.606 .









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