125 is strong resistance for EUR/JPY, the pair has slipped below the 125 handle after hitting session highs at 125.23 on the day.
Pair has re-entered channel at 124.44 levels, but is struggling to extend gains beyond 125 handle.
Techs show scope for upside is rising: - We see a bullish 5-DMA crossover on the 10-DMA - Daily Stochs and RSI have rolled over from oversold levels and biased higher - MACD line has shown a bullish crossover on the signal line
We would recommend taking long positions on close above 125, SL: 124.35, TP: 125.55/126
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