EUR/JPY Classical Technical Report 06.29
EUR/JPY:Our core constructive outlook remains well intact as the market continues to show evidence of the formation of a longer-term meaningful base. The most recent break back above 101.00 confirms a fresh higher low above 98.00 and now opens fresh upside over the coming sessions towards 105.00 further up. Ultimately, only a daily close back under 98.50 would negate.
--- Written by Joel Kruger, Technical Currency Strategist
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