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EUR/JPY Technical Outlook - 1

As it is evident in the chart, this pair is in a stable uptrend. From the specified time zone onwards, an increase in demand has been observed. The inability of the bears to push the price down to the middle line of the Andrew's pitchfork clearly proves strong buying interest.

If the 132.65 level is broken decisively to the upside, we will long the pair targeting 135 and with a stop loss at 131.60

(click to enlarge)Click to enlarge