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FxWirePro: EUR/JPY pares previous session's losses, outlook bullish

EUR/JPY chart - Trading View 

EUR/JPY was trading 0.43% higher on the day at 124.13 at around 12:30 GMT, outlook bullish.

Data released earlier today showed eurozone unemployment rose for a fifth straight month in Europe in August 

Data showed that the jobless rate rose to 8.1% in the euro currency in August, up from 7.9% in July, official statistics showed Thursday. Some 13.2 million people were unemployed and the number of those out of work rose by 251,000.

Concerns rise that extensive government support programs won’t be able keep many businesses hit by coronavirus restrictions afloat forever.

EUR/JPY trades with a bullish bias. Oscillators turn bullish. Stochs and RSI are biased higher. 50-DMA at 124.78 in sight.
 

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