Monday, September 23, 2019
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Technical Analysis – EUR/JPY recovery starts to lose steam

EUR/JPY recovery starts to lose steam; 50-SMA holds strong. EUR/JPY bulls retook control bouncing off the 119.00 handle, which is the 23.6% Fibonacci retracement level of the up-leg from 115.85 to 120.00 and where the restrictive 50-period simple moving average (SMA) also rests. The bears’ multiple attempts to breach below the 50-period

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Technical Analysis – GBP/JPY bullish vibes still evident

GBP/JPY topped September’s rally at a familiar place of 135.64 on Wednesday and reversed lower to retest the 20-period simple moving average (SMA) in the four-hour chart. Given that the RSI is hovering slightly above its 50 neutral level and the red Tenkan-sen line has flattened above the blue Kijun sen, the risk in the short-term

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