Published at 15:45 (GMT) 17 Aug

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11:45 EDT - EUR/JPY is now in the process of forming an outside day pattern, which does have potential bullish implications going forward. Next bounce target at 110.45 and if a run above there is seen we look to 110.70 and 111.00. The support comes inat 109.30/10. R.Z

R5: 111.34 * 38.2% retracement
R4: 111.10 13 Aug high
R3: 111.00 figure
R2: 110.70 intraday level
R1: 110.45 break level
S1: 109.30 intraday level
S2: 109.10 * 06 Jul low
S3: 108.75 intraday level
S4: 108.10 29 Jun high volume
S5: 107.66/30 * Jun lows