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EUR/JPY has been trading sideways at the price of 146.70. Anyway, I see potential for the upside breakout in the next period.
Due to the trading range in the strong upside trend in the background, I see potential for further upside movement.
Watch for buying opportunities if the price breaks level of 147.00 with the first upside objective at 148.30.
MACD oscillator is showing upside reading, which is good sign that buyers are in control.
Support is set at the price of 145.95
Relevance up to 08:00 2022-11-10 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
