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EUR/JPY rising inside impulse waves (iii) and 3

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  • EUR/JPY rising inside impulse waves (iii) and 3
  • Next buy target - 132.00

EUR/JPY continues to rise inside the minor impulse wave (iii), which belongs to wave 3 from the middle of June, The price earlier broke through the resistance zone lying between the resistance level 128.00 and the upper resistance trendline of the wide weekly up channel inside which the price has been moving from the middle of 2016. The breakout of this resistance zone intensified the bullish pressure on this currency pair. EUR/JPY is expected to rise to the next buy target at the next resistance level 132.00.

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