Tuesday, June 25, 2019
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Technical Analysis – EUR/JPY eases below 2-week lows

EUR/JPY eases below 2-week lows; loses ground in the short term. EUR/JPY reversed lower after meeting a two-week high around 123.70 on Tuesday, flirting with the 23.6% Fibonacci retracement level of the down leg from 126.80 to 122.07, near 123.20. The technical picture supports that the slightly bearish move is likely to continue in the short-term.

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Technical Analysis – EUR/JPY gains expected to reach downtrend line

EUR/JPY reversed higher after it tumbled towards a fresh four-month low of 122.07 this week. The technical picture supports that the slightly bullish correction is likely to continue in the short-term. The MACD is stretching to the upside above its trigger line and the stochastic oscillator is approaching the overbought zone in the 4-hour chart. Another

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