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Sep 13 - 12:12 AM
EUR/JPY - Post ECB Rally A Warning To Bears, 55-DMA Gives Way
First appeared on eFXplus on Sep 12 - 10:20 PM
  • EUR/JPY rally of 1.94% from ECB 117.55 low sparks talk of interim reversal
  • Rally through 119.60, 50% Fibo of July-Sept drop opens 61.8% @ 120.49
  • Thursday close above descending 55-DMA bullish, 1st close above since Apr 23
  • Minor resistances at Aug 6 high @ 119.88 & psychological at 120.00
  • ECB fails to satisfy avaricious doves, BOJ mulling more easing? nL3N2630UV
  • Support 118.95-119.00, 118.60-70; nascent bulls emerge as risk mood improves

eurjpy: Click here

Source:
Refinitiv IFR Research/Market Commentary

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