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Eur-jpy
EUR-JPY
162.50. Overall structure is bearish. Decelerating momentum could attract it towards supports at 162.01 or 161.88. Major support is clustered around 161.2 limit.
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In Profit
Eur/jpy
Resistance levels: 166.90/167.30
Support levels: 166.50/166.00/165.50
The Cross has retested 166.90 record high on Friday as it was suggested. The uptrend remains intact for further beyond 167.00 and 167.30 in longer term. First target and Resistance remains around 166.90 record highs .On downside, first minor Support comes around 166.50 ahead of 165.60 stronger one.Look to buy on pullback for test of 167.30 and higher.
Strategy-neutral.
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The EURJPY pair climbed last week and reached to 166.80, this week it started to back off again yet not able to break the support level at 166.25 which is a very good demand point for the pair today. The technical indicators are still pointing higher for the level 166.80 again.
Support 166.25 166.01 165.80 165.55 165.10
Resistance 166.45 166.70 166.90 167.27 167.35
Recommendation
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168.36. It should trade higher to 169.02 or above 169.67 in extention. Supports at 167.43 and 167.76. Stop loss below 167.11 zone
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Daily Pivot Points Summary
EURJPY 168.41 166.51 168.34 165.20 165.85 167.10 167.75 169.00 169.65 170.90 10:00 GMT
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4 Hours Pivot Points Summary
EURJPY 168.31 167.80 168.24 167.42 167.61 167.92 168.11 168.43 168.62 168.93 10:00 GMT
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Hourly Pivot Points Summary
EURJPY 168.31 168.10 168.24 167.91 168.00 168.12 168.21 168.33 168.42 168.54 10:00 GMT
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