Currently, EUR/JPY is trading at 117.87. The pair started a new up trend after breaking resistance level at 116.21. The pair was trading in a descending wedge pattern before starting a new up trend. The price is now moving towards its first target, which is at 119.15. It may hit second target at 120.96 if it crosses the first target.
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Rishikesh Lilawat
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Thank you,
Rishikesh Lilawat