EUR/JPY Price Analysis: Gains momentum

EUR/JPY continues to advance for the second straight day

Sentiment is: Positive

Technical Analysis

EUR/JPY is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next 3 days.

Possible breach of resistance level by EUR/JPY

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