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Confirms Falling Wedge - Less..............>

EURO-YEN
EURO-YEN: Confirms Falling Wedge
- Less dovish-than-expected ECB underpinned the EUR yesterday. EURJPY closed
above 122.20, confirming the falling wedge chart pattern.
- It's also worth highlighting the bullish Harami candle that was charted prior
to the breakout and is an indicator of a future bullish trend.
- The bullish reversal pattern extended to 122.38 with next resistance at 122.70
from the May 30 high, above here opens the May 23 high & 38.2% retracement of
the May-Apr fall at 123.08.
https://emedia.marketnews.com/marketnewsintl/EURJPY_Falling_Wedge.png

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