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EUR/JPY Levels, Like Library Staircases
Good morning traders, If you’ve been following the Vantage FX blog, you’ll have been following the bullish price action in EUR/JPY. The bullish trend line was broken, but as we see so often across the forex markets, price was simply just dipping down to clean out weak traders wanting to play counter-trend, before changing direction back in the direction of the original trend. On the daily chart below, you can see that after breaking down through the trend line, price hasn’t been able to make a lower low and has in fact stalled at the previous resistance turned support level that we have been speaking link in ... (full story)