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EURJPY stays alive in the bearish bias around the 133.27 level

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EURJPY found dynamic resistance at the 200 SMA on H1 chart and it seems the lower continuation will remain alive during this week.

The current structure is already showing a lower low pattern formation in place below the daily pivot point level of 134.29. If EURJPY does a breakout at the support zone of 133.27, it would be expected to fall until the 132.69 level.

MACD indicator is entering to positive territory, but be cautious with this, because it could be advising about possible rebounds.

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