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EUR/JPY giving back this morning’s gains: 117.50 now support level

I know that’s a long way away but we can expect heightened volatility for next few sessions. 120.00 has more or less capped this pair leaving it susceptible to profit taking moves and there isn’t much in the way of support until 117.50, according to interbank order books. Intraday bears can contemplate selling tight rallies with a stop clearly above this mornings high.

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