USDJPY consolidates within daily cloud; 200SMA to cap ahead of fresh weakness

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro attempts again at pivotal 200SMA, following yesterday’s repeated rejection here and long-legged daily candle, which confirmed indecision. Fresh rally penetrated daily Ichimoku cloud base at 1.1000 again, looking for final break above 200SMA at 1.1032 and resumption of short-term recovery, which requires break above daily cloud top, currently at 1.1100. Near-term studies are back into full bullish mode, with bullishly aligned daily indicators, being supportive for further

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