EURJPY strong in intraday bullish bias above the 136.49 level
By
Felipe Erazo
PUBLISHED:
11 Aug 2014 @ 09:17
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The EURJPY is finding dynamic resistance in the 200 SMA, where the pair is forming a lower high pattern.
If the EURJPY manages to make a breakout on the resistance level of 137.26, the next target would be the 137.70 level, which would be a bullish intraday consolidation, because this pair has been solid in the current bullish road, after finding strong support at the level of 136.05.
The MACD indicator remains in positive territory, so the bullish bias remains alive in the EURJPY.
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