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Evening Star Candlestick Reversal In EURJPY

  • EURJPY maintains a bullish outlook, however, price action over the past 3-sessions is a concern for bulls.
  • A 3-day candle pattern - evening star reversal - was confirmed at Thursday’s close.
  • This is a strong reversal and warns of a deeper pullback near-term.
  • The next support to watch is 140.75, the 20-day EMA.
  • Key resistance at 144.25 remains intact, a break is required to confirm a resumption of the uptrend and remove any developing bearish threats.

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