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EURJPY Retains Downside Bias Despite Price Hesitation

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 11, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURJPY - The cross saw downside pressure on Tuesday though taking back some of those gains. It still remains weak and vulnerable to the downside. We continue to look for more weakness. Support comes in at the 131.50 level. Further down, support stands at the 131.00 level where a violation will aim at the 130.50 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance comes in at the 132.50 level where a break will aim at the 133.00 level. Further out, a

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