Daily Market Research

Posted by on Nov 20, 2012

EURJPY After having an impressive run, climbing over 400+pips in the last week, the EURJPY is now sitting under critical resistance at 104.50 which is a double top level and a 6-mos high for the pair.  Considering how fast and impulsively it got here, I would not be excited selling just yet, but the level offers plays for both sides. For the bears, watch for  price action reversals  signals on the 4hr chart along with some weakening heading into the level.  If this plays
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