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The EUR/JPY pair dropped below the uptrend line signaling a potential downside movement. The rate turned to the downside but it has failed to reach the 140.56 former low which stands as a downside obstacle.
In the short term, it's trapped between the 140.56 and the 142.23 levels. Technically, escaping from this pattern could bring us new trading opportunities.
Dropping below 140.56 activates more declines while jumping above 142.23 could announce further growth.
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