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March 31, 2023 @ 20:32 +03:00
• EURJPY reversed from key resistance level 145.40
• Likely to fall to support level 143.00.
EURJPY under the bearish pressure after the pair reversed down from the key resistance level 145.40 (which stopped the previous upward impulse wave 1 at the start of March), standing near the upper daily Bollinger Band.
The downward reversal from the resistance level 145.40 is likely to form the daily Shooting Star – if the pair closes today near the current levels.
Given the strongly bearish euro sentiment, EURJPY can then be expected to fall further toward the next support level 143.00.