EUR/JPY Mid-Day Outlook

[Forex-Outlook]

EUR/JPY's strong recovery and break of 122.78 minor resistance dampens the immediate bearish case and indicates that consolidations from 119.64 is still in progress. Stronger rise could now be seen to 123.89 and above. But after all, we'd upside to be limited by 125.22 cluster resistance (38.2% retracement of 134.36...

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