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EUR/JPY Expect more downside after a corrective pullback has

FX Tech Strategy

EURJPY- Having activated a corrective pullback on Thursday, more decline is expected but with caution. On the downside, support comes in the 135.00 level where a break will aim at the 134.00 level.

A break will target the 133.00 level with a breach turning focus to the 132.00 level. On the upside, resistance resides at the 137.00 level where a break if seen will threaten further upside towards the 138.00.

Further out, resistance resides at the 139.00 level where a break will aim at the 140.00. All in all, the cross continues to face corrective pullback threats risk.

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FX Tech Strategy

FX Tech Strategy

FX Tech Strategy provides simple forex research for Intra-day, swing and position traders. For over 6 years, FXTechstrategy has been committed to providing forex traders including intra-day, swing and position traders exceptional forex research with technical analysis expertise that makes trading decisions easy and painless. FXTchstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011 and was finalists, Star Awards by traderplanet in 2011 & 2012.