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EURJPY currency pair recently reversed up from the support area located between the key support level 138.950 (former support from June), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from May. The upward reversal from this support area started the active minor impulse wave (iii). Given the clear daily uptrend and the strongly bearish yen sentiment, EURJPY can then be expected to rise toward the next resistance level 141.000 (former support from June).
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