EURJPY has been trading around the 20-day SMA since the last few trading sessions; however it has started to rise swiftly today suggesting that it might break the 126-126.75 zone on the upside. Momentum indicators are rising, supporting the above observation. It would be prudent to say that the pair could rise further towards $126.90 and $127.35 if it sustains above $126.00.
Technical Analysis Team
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