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Will JPY momentum carry forward and set off further selling?

Short
British Pound / Japanese Yen (EIGHTCAP:GBPJPY)  
Eightcap Broker  
EIGHTCAP:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators resistence Technical Analysis fade GBPJPY AUDJPY jpy Forex forextrading currencytrading
2
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trendanalysis indicator resistence technicalanalysis fade gbpjpy audjpy jpy forex forextrading currencytrading
Today's focus: JPY AUDJPY GBPJPY

Pattern – Fade Resistance holds
Possible targets – AUDJPY 92.50/92.30 GBPJPY 173.39/172.95
Support – AUDJPY 92.30 GBPJPY 173.15
Resistance – AUDJPY 93.30 GBPJPY 174.20

Today’s update focuses on JPY strength, that we have seen picking up since yesterday’s US session. We have looked at the AUDJPY and GBPJPY in detail. Are we seeing a turn in momentum? Both of these markets showed strength in the short term or sit in uptrends.

After seeing the fades yesterday and today combined with resistance, could this be of sellers gaining control?

Thanks for stopping by. Good trading, and have a great day.

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