menu search

EURJPY corrects higher into resistance. Can the sellers keep control and push lower?

EURJPY corrects higher into resistance. Can the sellers keep control and push lower?
The EURJPY traded lower for two trading days and today there was a corrective move higher. The move higher took the pair into a swing area between 157.902 and 158.091. The high price reached 158.038 and has found willing sellers.Also near that swing area is in the 100 bar moving average on the 4-hour chart 157.888.With the price below those levels, traders may look to lean against them as a risk-defining level. That is, as long as the price remains below the swing area, the sellers remain in con... Read More
Posted: Aug 24 2023, 19:24
Author Name: forexlive
Views: 102537

Search within

Pages Search Results: