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Forex: EUR/JPY retracing ground to 125.50

The momentum circling the single currency is fading away on Wednesday, dragging the pair from highs in the proximities of 126.50 to the current area of 125.60
A weaker yen, actually trading around 93.50/60 against the greenback, is also collaborating in this correction lower of EUR/JPY.

At the moment, the pair is down 0.11% at 1.3439 with the next support at 124.75 (low Feb.13) ahead of 124.00 (psychological level) and then 123.52 (low Feb.11).
On the upside, a break above 126.94 (high Feb.12) would bring 127.00 (psychological level) and then 127.48 (high Feb.7).

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