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USDJPY eyes 2007 peak after weekly close above 123.13, Fibo 76.4%

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro consolidates above fresh multi-month low at 1.0705, posted on last Friday’s bearish acceleration on significantly higher-than-expected US jobs data. The pair dipped close to psychological 1.07 support, after meeting target at 1.0713, Fibonacci 200% projection of the downleg from 1.1494, 15 Oct peak. Strong bearish daily and weekly close, with weekly close below bull-trendline, drawn off 1.0461, 2015 low that also marks the lower boundary of monthly bearish wedge pattern, gives

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