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EUR/JPY broke support zone

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  • EUR/JPY broke support zone
  • Next sell target - 128.00

EUR/JPY today broke sharply through the support zone lying between the key support levels 130.00 and 129.30 (which have been reversing the price from the start of March, as can be seen below). The breakout of this support zone accelerated the active minor impulse wave (iii). EUR/JPY is expected to fall further toward the next sell target at the next support level 128.00.

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