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EUR/JPY Every day Outlook

eur/jpy-every-day-outlook

Every day Pivots: (S1) 134.63; (P) 136.08; (R1) 136.82; Extra….

EUR/JPY’s pull again from 139.99 remains to be in progress and deeper fall might be seen to 38.2% retracement of 124.37 to 139.99 at 134.02. Draw back must be contained there to deliver rebound. On the upside, above 137.52 minor resistance will deliver retest of 139.99 resistance first. Nonetheless, agency break of 134.02 will deliver deeper decline to 61.8% retracement at 130.33.

Within the greater image, up development from 114.42 (2020 low) is in progress. Such rise is seen because the third leg of the sample from 109.30 (2016 low). Subsequent goal can be 100% projection of 114.42 to 134.11 from 124.37 at 144.06. In any case, outlook will now stay bullish so long as 124.37 assist holds, in case of deep pull again.

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