EUR/JPY Price Analysis: Bulls and bears confront at a critical area on the charts EURJPY Technical Analysis
of the week testing in the 147.50s and 100 pips higher to the 148.50s. The following will illustrate the prospects of a move up to test daily support while the bullish trend on a mico basis remains intact:A break of the resistance will open prospects of a move to the counter-trendline.A break of support, however, creates a scenario whereby the bears could be encouraged in move below 148.00 with eyes then set on 147.50.
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