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EUR/JPY – Best of both worlds? Weak YEN vs Strong EUR
Opening Asian session saw price rally towards 120 in quick succession, making the 100 pip climb from 119 seemingly effortless similarly to 118 – 119 which we saw last Friday. Some resistance could be seen along Channel Top but that could only serve to slow down the bullish momentum as evident when price hit Channel Top twice last Friday. Weekly chart shows price breaking from 116.0 and more importantly, the ceiling found back in May-Jun 2011. Price stopped around the bottom of the 119 – 123 trading range found in Apr ’11, with today’s advance looking to test 123 once more. Comparing EUR/JPY with GBP/JPY, both ... (full story)
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- Jan 13, 2013 11:05pm Jan 13, 2013 11:05pm
- venzen
- Joined Jul 2011 | Status: good | 456 Comments
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- Jan 13, 2013 11:49pm Jan 13, 2013 11:49pm
- kartha
- | Joined Jun 2012 | Status: Member | 66 Comments
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- Edited 12:48am Jan 14, 2013 12:39am | Edited 12:48am
- venzen
- Joined Jul 2011 | Status: good | 456 Comments
cryptocurrency everytime