EUR/JPY looks for further gains towards the 134.12 June high – Commerzbank

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EUR/JPY Price Analysis: Some consolidation likely near-term

EUR/JPY is viewed in a positive light. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to continue enjoying positive momentum.

Dips to find initial support at 130.46

“EUR/JPY is viewed in a positive light following the recent break above key nearby resistance at the 130.55/74 July and September highs, and the 50% retracement and mid-July high at 131.03/08.”

“We look for gains to 132.69/80, the 23rd June high and 78.6%…

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