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The EURJPY traders are battling it out between MA levels. The intermediate trend at stake

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... Read More
Posted: Jul 18 2023, 18:46
Author Name: forexlive
Views: 102644

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