After big downfall, Eurjpy reaches near to its support level. We can see 200 ema on this level. So there is little chance to pull back if any big bullish candle formed on h4 time frame. Otherwise, this pair is huge bearish pressure. We can see a breakout of this support level soon.
If it breaks support zone, then big fall coming. We can easily catch with the breakout of big fall. So we need to monitor this level. It is recommended to stay in sell mode on this pair for the long term if support breaks successfully.
Support level: 122.80, 122.00
Resistance Level: 123.70
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