Technical analysis of EUR/JPY for July 11, 2018

If we look at the 4-hour chart of EUR/JPY, we know exactly this pair is moving in a bullish bias. This dynamic has been already seen by the price above the 50-moving average. However, there is a possibility for the price to make correction to 129.56-129.09 levels. As long as the price does not breakout and close below the 128.47, EUR/JPY will be trading with the bullish trajectory.

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