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January 17, 2025

EURJPY Wave Analysis: What Drives Recent Movements?

The EURJPY currency pair recently broke through a significant support zone, which lies between the key level of 160.200 and the 50% Fibonacci correction of an upward ABC correction observed last month. This development raises questions about future movements and potential reversals. Traders should pay close attention to these technical indicators as they continue to analyze market trends. Understanding such shifts can help in making informed trading decisions. For more analysis, rely on insights from Entreprenerdly.com.

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