After touching the level of 120.49, the EUR/JPY pair is declining to its primary targets at 119.38 and at 118.70. Before the pair reaches those levels, it needs to decline to 120.04-120.13 or to 120.29. Nevertheless, the pair may retrace to 120.51. If this level (120.51) is overcome, the pair in unlikely to go down to the target levels.
The bias from EUR/JPY is Bearish
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