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EUR/JPY consolidating above 107.30

By   || August 26, 2010 at 03:23 GMT
|| 1 comment || Add comment

The previous low at 107.30 had the potential to act as a strong resistance level but that has now been negated by the solid consolidation above there.

Next major technical resistance in EUR/JPY is 109.00, which is also a previous low and the 38.2% retracement of 114.70/105.50.

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One Response to “EUR/JPY consolidating above 107.30”

  1. chris on August 26th, 2010 03:34 GMT

    It Pays to Riot in Europe
    Ireland must now pay more than Greece to borrow.
    http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007444/it-pays-to-riot-in-europe/

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