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Resistance Confluence Holds EURJPY Up-Move Captive

Discussion in 'Technical Analysis' started by Kaitlin, Feb 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    While surprise negative rate announcement by the Bank of Japan (BoJ) fuelled EURJPY towards marking fresh high in a month, 100-day SMA and the five month old descending trend-line, presently around 132.30-35, held the pair's further rise captive, indicating a pullback towards 131.00 immediate support. Given the pair's break of[​IMG]

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