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EUR/JPY reversed from support zone

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  • EUR/JPY reversed from support zone
  • Next buy target 132.00

EUR/JPY recently reversed up from the support zone lying between the key support level 129.30 (which has been reversing the price from the start of March) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. EUR/JPY is expected to rise further toward the next buy target at the next resistance level 132.00 (previous support from April).

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