EUR/JPY fell to it lowest level in nearly nine months Wednesday; however, Trader says there's more downside to come. Now at 125.60, she says a weekly close below the 50% Fibonacci retracement target of 125.65 should add to bearish momentum, which is already the strongest in a year. For a strategy, Elliott favors selling at market, adding at 126.50 with a stop above 128.55 for short-term targets of 124.45 and 122.45.
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