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EURJPY Eyes Further Bear Pressure On Price Failure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EURJPY - Having turned back lower following a reversal of its intra day gains during Wednesday trading session, EURJPY eyes further bear pressure on price failure. This view remains valid as long as the cross trades and holds below the 132.79/99 zone. Resistance resides at the 132.50 level with a break above that level paving way for strength to develop towards the 133.00 level. Above here will aim at the 133.50 level. Further out, a turn above here will shift attention to the 134.00 level

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