EURJPY is approaching our intermediate resistance at 133.42 (horizontal swing high resistance, 100% Fibonacci extension). A breakout above this level might cause a strong rally to occur, pushing price up to our major resistance at 134.19 (horizontal overlap resistance). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias.
RSI (55) is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.
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