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Forex technical analysis: EURJPY sets some high low levels

Discussion in 'Technical Analysis' started by ForexLive, Oct 19, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Technically speaking, the EURJPY is defining the inside bullish and bearish boundaries for the week The EURJPY tested the 100 hour MA on Friday and stalled. Today it did the same thing (see blue line in the chart below). The 100 and 200 hour MA are now converged at 135.81. The two MAs and the highs from today and Friday help to define the upside boundary in the new trading week.

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