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EUR/JPY. Analysis and Forecast
On Friday, for the second consecutive
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On Friday, for the second consecutive day, the EUR/JPY pair is attracting buyers amid uncertainty over the timing of the Bank of Japan's next rate hike, as this uncertainty continues to undermine the yen.The recent rebound from the 200-period Exponential Moving Average (EMA) on the 4-hour chart and the subsequent upward move favor the bulls. Positive oscillators across all timeframes also suggest that the path of least resistance for spot prices remains to the upside. If the pair breaks above
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Irina Yanina,
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