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Home » Forex » EUR/JPY Hits Then Breaks 100-Hour Moving Average
Greg Michalowski

EUR/JPY Hits Then Breaks 100-Hour Moving Average

By Greg Michalowski on August 28, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The EUR/JPY pair moved to session highs and traded off the 100hr moving average and has now penetrated that indicator and is moving toward the 61.8% retracement of the short of the move since last Friday. The Yen was for sale earlier on USD weakness and then took on a life of its own after the release of lower inflation figures and significantly worse than expected employment report.

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