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  • The price has pierced the  4-month resistance line at 125.73 and is testing territory on the 126  handle.  
  • A break of the  25th Oct fractal low at 126.63 opens risk to the 50% Fibo retracement level at 128.10 and confluence of the 200- SMA at 128.13.  
  • Supply to back the said resistance, bears can target a break to the near term up trend at 124.45.

EUR/JPY daily chart