EURJPY current short-term bearish view

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It seems the pair is still very bearish below the 200 SMA, as we can note on the H1 chart. Also, EURJPY is forming a lower low pattern.

Current structure is calling for further downside moves, as this pair continues to trade in favor of the 200 SMA slope direction by the way. The nearest support is located around the 130.61 level.

If EURJPY achieves in break that zone, then it could get the consolidation below the 129.00 price zone in a short term basis. MACD indicator is still at negative territory.

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