Potential EURJPY SHORT?

Hey traders,

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Price has touched the resistance trend line (A) on 3 different occasions, on the 3rd touch we seen price show strong rejection therefore causing bearish momentum. Right now price is currently on its way to a support level (B). If price breaks this level (B) we can expect EURJPY to continue to drop with more bearish pressure.

Ichimoku Indicator:

-Potential red cloud about to form indicating bearish momentum.

-Red line has crossed above the blue line also indicating bearish momentum.

-The green lagging span line has also broken below the cloud indicating a potential sell.

To confirm the downtrend the support level (B) needs to be broken.

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