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EURJPY erases some gains Stochastic and RSI head down EURJPY has found strong resistance near the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40 at 162.30, which overlaps with the 50-day simple moving average (SMA). A downside movement may drive traders towards the 20-day SMA at 159.90 ahead of the 23.6% […]

The post EURJPY Tumbles After Meeting 38.2% Fibo appeared first on Action Forex.

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