EUR/JPY
The EUR/JPY has bounced on a support at 116,45 (medium term support) and a break above an ontraday resistance at 118,26/42 would confir this rebound and trigger a return to the recent high at 120,16 and possibly a test of a long term support currently at 121,90 (-2 bp / day), A return below 116,45 would instead prolong the consolidation toward 115,48 and possibly 114,00/32. Buy Stop @ 118,43 – Stoploss @ 117 – Target @ 121,70.
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