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– EURJPY in long term downtrend with support around the 102.94-101.73 area.
– EURJPY is however approaching a supply zone (resistance) on the shorter time frame (H1) around the 105.87-106.10 area. Would look to short around these levels.
The levels also confluence with the 50.0%-61.8% Fib Retracement of the last significant down move on the hourly chart.