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EUR/JPY Weekly Outlook

posted by Avatar mintyheart 797 days ago in EUR, JPY, Weekly

EUR/JPY failed mentioned 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) last week and subsequent sharp fall suggests that choppy recovery from 119.64 has completed at 125.19 already. Initial bias will remain on the downside this week and further fall should be seen to retest 119.64 low first.
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