EURJPY tests the 200 hour MA resistance level

Written September 4, 2009 at 2:31 PM EST by  

gregmike-04734

Today, the EURJPY moved above the channel resistance level and is now testing the 200 hour MA level at the 133.19 level.   A move above the level will next target the 1.3354 level where the 50%  retracement of the move down from the August 24th high to the low comes in.

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