Here on EURJPY mid time frame, we can see the price has clearly impulse out of the MTF corrective structure.
With a strong bearish impulse phase, we know price will need to correct in order to continue lower.
In the last 2 days price has slowly been consolidating in the latest development, good sign for further downside if correction completes.
Wait for lower time frame bearish price action to confirm more downside potential.
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