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The EURJPY traders are battling it out between MA levels. The intermediate trend at stake
The EURJPY moved to the highest levels since 2008 a few weeks ago. The high at that time reached when 157.99 - just short of the natural resistance at 158.00.The last 2 weeks have seen a corrective move to the downside. Around mid-week last week, the price tested the rising 200 bar moving average on the 4-hour chart (green line on the chart below). The price was also down testing the 38.2% retracement of the move up from the May low at 153.164. The price moved briefly below those levels increasi...
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Posted: Jul 18 2023, 18:46
Author Name: forexlive
Views: 102644