Sasha Singh
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EURJPY : 50 day SMA Acting as Support

EURJPY on the hourly chart seems bullish as we can see that 50 day SMA is acting as a key support for the pair, not allowing the pair to fall below it. However we can also see some kind of consolidation on the chart and the pair may find support from the rising support trend line. If the pair continue to fall it will find the next support at 141.33 and 141.17.