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FX.co ★ jerome82 | EUR/JPY

EUR/JPY

EUR/JPY

Hello traders, On one hand, nothing has changed with the EURJPY pair as the upward movement continues, with local highs being reached yesterday. However, on the other hand, we did see a slight decline or pullback after such growth, and it would be desirable to see a more significant pullback. Especially since I don't have clear targets higher up anymore, but there are significant levels lower down. Currently, the yen itself is not showing much initiative, while the euro continues to trade within the demand for the dollar, and today we have the FOMC meeting. In this situation, I am looking south. Therefore, if we consolidate below 166.60, I will consider selling.

EUR/JPY

EUR/JPY

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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