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EURJPY continues to fall inside the short-term impulse wave 3, which started earlier from the resistance area located between the resistance level 125.000, upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse 1 from September. Given the strengthening bullish yen sentiment seen across the FX markets today, EURJPY is likely to fall further toward the next support level 122.500 (low of the previous downward impulse wave 1).
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