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EUR/JPY Day by day Outlook


Day by day Pivots: (S1) 137.93; (P) 140.82; (R1) 142.91; Extra….

Focus stays on 138.38 resistance turned help in EUR/JPY. Decisive break there will probably be an early indication of bigger bearish reversal. Deeper fall could be seen to 133.38 help subsequent. On the upside, above 142.28 minor resistance will flip bias again to the upside for retesting 145.62 excessive.

Within the greater image, up development from 114.42 (2020 low) is seen because the third leg of the sample from 109.30 (2016 low). Additional rally is in favor so long as 133.38 help holds. Subsequent goal is 149.76 (2015 excessive). Nevertheless, sustained break of 133.38 will probably be an indication of medium time period bearish reversal and switch focus to 124.37 help for affirmation.

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