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10 Jun 2019
EUR/JPY technical analysts: Eyes on the 50 DMA and 124 handle thereafter
- EUR/JPY is testing descending channel and the 20 DMA with eye son the 50 DMA.
- The 50 day moving average sits at 124.05 which is a historical support level.
- To the downside,121.53 is a 61.8% Fibo support guarding the 119.91 and 78.6% Fibonacci retracement.
