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EURJPY continues to fall inside the impulse wave 3 – which started previously from the resistance area lying between the key resistance level 124.250 (which stopped the previous ABC correction (2) at the start of June) and the upper daily Bollinger band. Given the strongly bullish yen sentiment seen today and the overbought daily Stochastic – EURJPY is likely to fall further toward the next support level 123.000 (intersecting with the daily up channel from the end of June).
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