EUR/JPY Analysis

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7 March 2018

EUR/JPY Analysis

EUR/JPY on 4 hours time frame chart we can see that the price has recently broken the downside channel and at this moment it is re-testing (above) that channel.

We might see a new bullish movement until 132.000.

Therefore, our bias remains long if the price stays above the channel.

GDP rose by 0.6% in both the euro area (EA19) and the EU28 in Q4

Eurozone: GDP (YoY), Quarter IV 2.7% (forecast 2.7%)

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