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Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.
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Forex Trading: EURJPY testing 200 day Moving Average

Posted by Greg Michalowski on Mon, 04/07/2008 - 8:01am in

Of note today from a technical perspective is the EURJPY is testing the 200 day moving average at 161.19.  The high for the day has been 161.31 but it backed off - at least temporarily.  A close above the level today would be the first time the pair has been above the moving average since January 2nd and should attract longer term position traders.

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