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EUR/JPY reversed from support area

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  • EUR/JPY reversed from support area
  • Next buy target - 132.00

EUR/JPY recently reversed up with the daily Morning Star from the support area lying between the key support level 129.30 (which reversed the previous wave (A), as can be seen below) and the lower daily Bollinger Band. Given the clear bullish divergence on the daily Stochastic, EUR/JPY is expected to rise further toward the next buy target at next resistance level 132.00 (top of the previous intermediate correction (B)).

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