EUR/JPY dipped to just below the ideal support at 125.07 (the low came in at 124.83). Renewed upside pressure is now expected for a break above 125.54, that yields a continuation higher towards 125.95 and 129..48 on the way towards the extension target at 133.54.
Support at 124.83 should protect the downside for the rally above 125.54.
We are long EUR from 124.65 with our stop placed at 124.15
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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