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EURJPY FAILED TO CHALLENGE THE CHANNEL TOP

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURJPY, Weekly After swinging strongly at the end of 2014 and in the first part of this year EURJPY is moving sideways with a slight downside slope. Price has struggled this week to move higher due to a weekly pivotal candle low at 137.06. The level also coincided with an almost flat 50 week SMA which highlights the sideways nature of this market. Stochastics is reflecting this by moving sideways near the 50 point mark. The major weekly support and resistance levels are at 132.19, 133.17,

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