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EUR/JPY broke above the July 9 high at 121.96 and started an uptrend move creating higher highs with higher lows. Any break above the downside trendline resistance would generate a further bullish signal, while a break below the uptrend line support originating from the July 14 low at 121.48 may keep the bearish potential alive. So a break above 124.96 will trigger a rally towards the 127.20
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