EURJPY is bearish on the long-term outlook. The currency pair was under the bullish pressure for more than two weeks. The bullish momentum pushed up the price and the supply levels of $$121, $122, and $123 were penetrated to the upside. An evening Doji candle pattern was formed at the supply level of $123; this is a bearish reversal candle pattern. This candle pattern triggered the downtrend of the price towards the demand level of $120.
EURJPY Long-term Trend: Bearish
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