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Wednesday, August 25, 2010

Forex Technical Analysis | Technical EUR / JPY August 25, 2010

Wednesday, August 25, 2010
Forex Technical Analysis | Technical EUR / JPY August 25, 2010

Euro vs. Japanese Yen (EUR / JPY)

Morning Report
 
Classically speaking, the pair has been capable of forming a continuation pattern "pennant pattern" as seen on the provided hourly chart. Coming below SMA 50 also indicated that the bearishness could dominate the movements over intraday basis. To avoid the fluctuation that

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