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USD/JPY stuck between 123.00 and Nov high

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD attacks 1.09 amid profit-taking “There is no incentive to sell the euro now, with the ECB having taken action and no follow-through seen for some time.” - Mizuho Securities Co. (based on Bloomberg) Pair’s Outlook The Euro was bid on Tuesday, as market participants attempted to fix profit from a decline that occurred Friday and Monday. Additional signs of buoyancy are coming from the fact that EUR/USD is currently able to trade above an important resistance, namely

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