Euro / Yen Jepun

EURJPY testing the critical support level

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EURJPY has been under heavy pressure this week as EURUSD sold off and USDJPY is slowly drfiting lower. As of now we are testing a hugely imortant support area. However as FOMC is next week, I remain slightly bullish on the pair simply because this support is too important to break it before such an event. Though, I wouldn't rule out a false break before going anywhere.

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