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EURJPY Consolidates, Forms Inside Bar Setup

The EURJPY consolidated today and formed an inside bar in the process. This market has been somewhat choppy recently, but we can see a pattern of lower highs and lower lows developing on the daily chart. If the market moves lower and breaks down from Friday's inside bar next week, we could see it fall lower and re-test support down near 128.00 before it moves higher again.

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