EURJPY Short-term bearish drop | 7th Jan 2022Price is abiding to the ascending trendline support, signifying an overall bullish momenutm. However, price can make a bearish drop from the pivot level in line with 78.6% Fibonacci retracement towards take profit level in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by the bearish divergence spotted on the stochastic %K line.
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