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EURJPY Seems Vulnerable To Further Downside

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Ever since the EURJPY reversed from 100-day SMA, the pair maintained it's south-run and dropped below the seven month old descending trend-channel, favoring accelerated downside towards 127.00 and the April lows, near 126.00; however, pair's further south-run below 126.00 can drag it to 124.80, breaking which chances of the its[​IMG]

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