EURJPY Retreats from 140 Hurdle to Weigh on 23.6% Fibonacci

EURJPY’s fresh pullback from a multi-year high has yet to eliminate all bets that the one-and-a-half-month ascent could rejuvenate from the 136.30 barrier, which is the 23.6% Fibonacci retracement level of the rally from the 15-month low of 124.38. Further sponsorship of this bullish premise is being reflected in the climbing simple moving averages (SMAs). […]

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