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Forex technical analysis: EURJPY moves above the next target

Discussion in 'Technical Analysis' started by ForexLive, Oct 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Cracks the 200 hour MA The EURJPY has gotten a boost from a stronger USDJPY but it has not been all on that surge. Looking at the hourly chart of the EURJPY below, the pair yesterday and today held support against the 100 bar moving average on the 4-hour chart (blue step line in the chart below). That was a bullish catalyst for the move higher as well.

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