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Updated on 17/02/2020 at 10:00 PM GMT

EURJPY

The Pair moves inside downtrend on the medium term and bounced up from level 118.85 to correct toward level 119.60 which by bouncing down from it and breakdown level 118.85 and hold below it will support the continuing of the downtrend and will target level 118.50 then 117.08 and the RSI indicator shows by bouncing up from level 30 beside the oversold area the increasing of the probability of bouncing up to correct before continuing the downtrend and the stochastic oscillator shows by bouncing up from level 20 beside the oversold area increasing the probability of bouncing up around the current levels to correct before continuing the downtrend

Resistance levels

119.60, 121.43, 122.18, 122.66

Support levels       

118.50, 117.96, 117.11, 115.86