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EUR/JPY - Lower High Favoured Near 97.50

USD/JPY is making slow grinding process to the downside, as expected. We are now in a risk free trade, with the stop moved to entry.

Our next target lies at 77.652, beyond which will open up 75.35. A return to this level is anticipated to be short lived in nature.

We now look for the 200 day moving average to act as resistance.

Daily Technical Report

 

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