Euro notes in denominations of fives and tens are arranged for a photograph in London, U.K., on Wednesday, Jan. 18, 2012. The euro strengthened and commodities rallied as an official at a Group of 20 nation said the International Monetary Fund is proposing a $1 trillion expansion of its lending resources. U.S. index futures rose before Goldman Sachs Group Inc. reports earnings. Photographer: Simon Dawson/Bloomberg via Getty Images
• EURJPY broke key resistance level 130.50
• Likely to reach resistance level 132.50
EURJPY currency pair continues to rise inside the intermediate impulse wave (3), which previously broke the key resistance level 130.50 (which has been reversing the price from the end of July).
The breakout of this resistance zone accelerated the active intermediate impulse wave (3).
EURJPY can be expected to rise further toward the next resistance level 132.50 (target for the completion of the active impulse wave (3)).
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