OANDA:EURJPY   Euro / Japanese Yen
Since the parity price is reaching the triangle's tip, we might expect a breakout soon. If the price breaks the formation downward, 128.50 will be a short-term target and a strong support. If the level defends its support appeal, the price will bounce off and soar towards the upper band of the rising channel in the precinct of 129.80 level. But if the price manages to pierce through this level, the previous lows at 127.60 and 126.60 will be targeted in the mid-term. The lower band of the formation might appear to be an important resistance in the case of rebound from the two mentioned levels.

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