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EUR/JPY’s breach of 158.19 resistance suggests short term bottoming at 154.77, ahead of 154.40 key support. Intraday bias is back on the upside for 55 D EMA (now at 159.77). Sustained break there will argue that corrective pattern from 154.40 has started another rising leg, and target 161.17 resistance and above. Nevertheless, below 154.77 will target 154.40 support and below.
