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EURJPY continues to fall inside the C-wave of the intermediate ABC correction (B) from the middle of October. The price earlier broke the support trendline of the daily up channel from the November – which strengthened the bearish reassure on this currency pair. Given the strength of the daily downtrend and the moderate bullish Yen sentiment seen across the markets today – EURJP is likely to fall toward the next support level 119.35 (low of the previous wave A from the middle of November).
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