The inability of USD/JPY to break above 77.50 combined with profit-taking in EUR/USD after the failure to hold above 1.3900 is knocking the underpinnings out from below EUR/JPY. We’re now at session lows in the 105.70 after reaching 107.68. USD/JPY is now at 76.85, shaking out the longs.
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EUR/JPY longs running for exits
EUR/JPY longs running for exits
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