Technical outlook for the EUR/JPY

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The EUR/JPY pair is trading in a general uptrend, forming higher highs and higher lows, which maintains a bullish momentum.

What’s the pair’s next expected move?

As long as the 164.556 level is not broken with a 4-hour candle closing below it, any pullback remains corrective. The pair is likely to rebound from the 164.823 level to target the 165.510 level.

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