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Eurjpybuy

EURJPY remains overall quiet but held supported at 120.375I originally missed an opportunity over on EURUSD, but I believe there's one present here. We can see that price traded below the 120.375 level, but has consistently held above it. As long as we see this level sustain, I believe further upside can be expected. There is still a concern on a fundamental level. We've previously seen certain currencies being favored (Japanese yen) whenever there's an increasing report of COVID-19 cases. If we see a surge in yen buyers, this pair would likely fall. For the time being, the technical standpoint still allows us to remain bullish.
Long
by FinancialGamblR