EUR/JPY remains locked in a narrow trading-band near the peak at 121.47. We continue to look for a short-term correction towards 119.87 before the next impulsive rally higher towards the next minor target at 124.64.
In the short-term, a break below 120.64 will confirm the correction towards 119.87 and then higher from there again.
We are long EUR from 117.25 with our stop placed at 119.00
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