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11:30 (CET) - EurJpy: 136.2 held
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The support at 136.2 held and the price went over 137, after the rupture of 135.80 Wednesday and 136.93 yesterday. Two strong moves with ruptures, expected after the channels that preceded its execution. Right now, the price is correcting in the short term, maybe waiting for a new high over 139 yens per euro. 137.86 is the nearest resistance by 138.27. On the lower end, the support at 137.52 is well placed and it could be broken, even though the previous candle (on the four hour candles chart) shows a strong support, through 137. Only breaking of these levels could lead to a bearish interpretation.
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