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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...
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Posted: Aug 24 2023, 19:24
Author Name: forexlive
Views: 102537