Yesterday morning Asia came into the market with JPY crosses on their highs and proceeded to sell. Today, we’ve opened with pairs like EUR/JPY and AUD/JPY on hourly lows and proceeded to buy. Pretty logical really, sell high buy low. Resistance in the EUR/USD is expected at 1.2250 and in the EUR/JPY around 110.15.
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JPY crosses bouncing in mirror of yesterdays trade
JPY crosses bouncing in mirror of yesterdays trade
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