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    Daily analysis of EUR/JPY for March 23, 2016 2016-03-23

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    Overview

    The EUR/JPY pair formed an intraday negative wave yesterday, attempting to decline below the key support located at 125.35 and bounce quickly, thus offering a positive close by moving at 125.90. It makes us keep our positive overview. The price is likely to reach the first target at 126.80. A breach of this level will confirm the continuation of the positivity for the upcoming period.

    We expect that the trading range for today is between 125.60 and 126.90.


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