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Catching the moves of EUR/JPY
Information is not investment advice
EUR/JPY reversed down at the 200-week MA around 124.45. The pair became really overbought and formed a reversal pattern on the D1. On the H1, it found some support at the 121.30 (50-period MA). However, the fall below this line will open the way down to 120.60 (38.2% Fibonacci retracement of the May-June advance) and probably even 119.40 (50% Fibo). Buyers will regain confidence only if EUR/JPY rises above 122.00.
Trade ideas for EUR/JPY
SELL 121.25; TP 120.60; SL 121.40
BUY 122.10; TP 122.85; SL 121.95
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
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