Tuesday, June 2, 2020
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EUR/JPY attempts a pullback in the bearish picture

EUR/JPY is currently aggressively overtaking the mid-Bollinger band and the 118.96 resistance level, after having pivoted at the 118.46 support (an inside swing high from 27 September 2019), thus producing a four-month low. Despite the prevailing one-month decline reflected in the downward sloping simple moving averages (SMAs) and by the tentative

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