EURJPY Chart Technical Outlook Picks up on Yen weakness, Bulls Aim for 159.55
The EUR/JPY is picking up for the second consecutive day. The broader trend remains bearish but the double bottom at 157.40 provides some hope for bulls. German CPI has not been supportive but the stronger USD/JPY is buoying the pair.
If the Yen maintains its weak tone, there is scope for a deeper correction towards 159.55 and 160.40. Supports are at 157.40 and 155.15.
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