EUR/JPY PRICE ANALYSIS: SCOPE FOR FURTHER RANGE BOUND TRADE

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EUR/JPY advances markedly and regain the area beyond the 143.00 hurdle to print new multi-session peaks on Wednesday.


The cross so far surpasses the key 200-day SMA near 141.80, and a sustainable surpass of this region should open the door to further upside in the short-term horizon. Moving forward, the consolidation theme is expected to remain unchanged, while a more serious bounce should target the monthly highs around 145.50.

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