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Trader Journals:::2025-12-05T06:21:52

EUR/JPY

EUR/JPY

The quotes have broken through the support level at 180.60 and it looks very likely that they are currently consolidating below it. At the same time, the moving average is above the quotes, adding to the bearish direction. Therefore, there is a good chance to continue the southern movement and test the support at the level of 180.06. If that level is breached, the southward movement will likely persist; otherwise, a return to resistance is possible. Of course, it is worth remembering that they could simply break above the resistance and continue the northern path, either directly from current levels or after testing the support.
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