EURJPY weekly overview

Looking at EURJPY, price retested the uptrend line and 200SMA. Now showing some rejection at the start of the week. Probability wise, the risk-reward is good for a short here. However, fundamentals do not show any clear direction for the moment. EUR has been very strong the past couple of weeks. If USD continues to fall, and bump the EUR we could see a break of the 200SMA.

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