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Latest impact: EURJPY Approaching Risky Resistance
EURJPY will nullify its downtrend once a close above 12520 is triggered, the resistance of 1 hr Bollinger band. As long as the price action stays below 12520, as long as the bearish measures remain safe-mode zone. Selling the resistance is seen to be a go, targeting the opening of this week. Aggressive sellers may attempt the first trigger @ current price (12440/75).
Who knows what might happen for the euro once Italian election poll is closed within 3 hrs! all are guessing, and no one dares to spell it one way!