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EUR/JPY Technical Analysis: Further upside faces strong hurdle at the 5-month resistance line at 119.57

  • EUR/JPY is flirting with the 5-month resistance line in the 119.60 region, coming under renewed downside pressure via a stronger JPY.
  • A clear breakout of this resistance area along with the psychological 120.00 handle should put the 100-day SMA at 120.69 back on the radar.
  • Further up lines up emerge late July peaks in the 121.40 area.

EUR/JPY daily chart 

 

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