As we expected from our Forex Analysisthe pair EUR/JPY made a sharp down movement. We closed the short position at 66 pips. It is possible that the price continues to fall until the last swing low, but the current price is already at a distance of 30 pips from the 10 EMA, as our STS_MA_Distance_Indicator shows. That is why we prefer to close the position because it is possible that the price forms a range.
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