Euro / Japanese Yen
Long

EURJPY retraced above 21-EMA

52
EUR/JPY holds gains above 5-DMA, euro ignores disappointing German factory data
EUR/JPY downside on account of bearish RSI divergence has retraced above 21-EMA. Major trend in the pair is bullish.

Retrace above 21-EMA has raised scope for upside resumption. Next major bull target is 140 (yearly high).

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