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Chart Of The Day: EUR/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 3, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Strong resistance on the EUR/JPY daily chart, as shown, has exerted repeated downward price pressure on the pair since the multi-year high was hit in July 2007. This highly significant downtrend resistance line is represented on the chart by the long red line. As of the most recent touch of...

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