EURJPY at Key Support: Will Buyers Push Toward 159.570?

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EURJPY has reached a significant support zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a demand area, suggesting the potential for a bullish rebound if buyers step in.

The current market structure indicates that if the price confirms a rejection from this support zone, we could see a move upward toward the 159.570 level, aligning with a logical retracement within the broader market context.

Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.

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