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5 Jun 2019
EUR/JPY Technical Analysis: Bulls eye 20 day ma at 122.48
- EUR/JPY is on the verge of a break out of the descending channel for a test of the 20 day ma at 122.48.
- Bulls can target a run towards 123.70, as the May 21 high ahead of the 50 day moving average at 124.05.
- To the downside,121.53 is a 61.8% Fibo support guarding the 119.91 and 78.6% Fibonacci retracement.
