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EURJPY : Continues to Follow Rising Channel Trend

EURJPY : Daily Chart

EURJPY continues to follow rising channel trend on the daily chart although trimming some of its gains after finding resistance from the resistance trend line of the channel. Currently it is testing the support at 148.23. If it declines below this level, the next support it will find from the support trend line of the channel and therefore the bullish trend remain intact. However this bullish trend will fade away if it declines below the rising channel.