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Forex trading: The JPY crosses rebounding a bit

Discussion in 'Technical Analysis' started by ForexLive, Aug 9, 2016.

  1. ForexLive

    ForexLive Forum Member

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    A look at the EURJPY, GBPJPY and AUDJPY EURJPY Today the EURJPY held a topside trend line above (currently at 113.43) and the 100 hour MA below (currently at 113.03). The pair trades in the middle of those two extremes. The pair is trying to correct after a move down - starting on July 27th - took the price from 117.139 to 112.308 on Friday. That low from Friday was leaning against support from a trend line connecting lows from July 26th and August 2nd.

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