EUR/JPY is prolonging the weekly sideline theme slightly below the 118.50 region.
Immediately to the top side emerges the 21-day SMA at 118.86 previous last week’s tiptop close to 119.90.
Looking at the broader image, whereas below the 55-day SMA at a hundred and twenty.64 and therefore the multi-month resistance line at a hundred and twenty.79, the pessimistic read is predicted to stay unchanged.
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