As long as the EURJPY is below the 121.300 we could expect more downside. A combination of the risk-off which will move the highly correlated USDJPY pair down will influence EURJPY to fall alongside with the EURUSD. Patient traders need to wait for a break below 119 for a high probability short trade entry.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.