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EURJPY Price Bounces off Resistance Level of $123, Bearish Trend May Continue

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Fxproooo

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The inability to break down the demand level of $120 by the bears may lead to the bouncing of the price and bullish trend may continue. In case the bears exert more pressure, the demand level of $120 may not hold and the price will be exposed to $119 – $123.

EURJPY Market
Key Levels:
Supply levels: $121, $122, $123

Demand levels: $120, $119, $118
 

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