Swing level, moving averages, and Fibonacci retracement converge, providing low-risk/high-reward possibilities in EURJPY trading. |
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Published on January 12, 2024
Swing level, moving averages, and Fibonacci retracement converge, providing low-risk/high-reward possibilities in EURJPY trading. |
2023-12-06
The NZDUSD defies sellers as it moves higher, but an uncertain market awaits a breakout. Traders await the next move as the price hovers between hourly moving averages.
2023-11-29
The AUDUSD has surpassed its 200-day moving average and swing area, establishing them as support levels. However, the pair struggles to close above the 61.8% retracement, which now acts as resistance.
2023-11-28
The USDJPY plummeted below the crucial 147.33 support level, increasing the bearish bias. Traders to now anticipate a potential bounce off the 100-day moving average at 146.90.
2023-11-27
The USDJPY is making new session lows and in the process is moving below last Tuesday’s high and last Wednesday’s low. That level comes in at 148.59. Going forward getting and staying below that level will keep the sellers more in control.
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