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EURJPY currency pair recently reversed up from the combined support area set between the long-term support level 128.400 (former resistance from February, which has been reversing the price from the start of March) and the lower daily Bollinger Band. Given the strength of the aforementioned support area – EURJPY currency pair can be expected to rise further toward the next resistance level 129.700 (top of the previous minor correction (ii) from the start of August).
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