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EURJPY reaches a new 15 year high today, but backs off

EURJPY reaches a new 15 year high today, but backs off
The EURJPY extended above the high price from August 30 at 159.756 and in the process reached a new high at 159.908 going back to August 2008. That's a 15-year high for the pair.The problem is, the high could only reach 14 pips above the August 2023 high. That is not what traders expected. As a result, when the price started to trade back below the 159.756 level, the buyers turned to sellers, and the price has moved back down. Looking at the hourly chart below, the momentum lower has now seen... Read More
Posted: Oct 24 2023, 18:39
Author Name: forexlive
Views: 091996

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