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Forex Technical Cross Pairs Analysis | June 11, 2024

From fxdailyreport.com

EUR/JPY: {chart} EUR/JPY continues under bearish pressure but no lower low is printed on the chart. It seems the pair might continue trading sideway with some bearish pressure until the Fed FOMC meeting this week. Will the pair continue the bearish movement and target the Fibonacci Retracement levels? Alternatively, will it resume the bullish trend and target a new higher swing high on the chart? Today’s critical levels to watch: Support: 167.14, 165.81, 163.00, 162.00, 160.00 Resistance: 170.00, 171.51 EUR/GBP: {chart} EUR/GBP extending the bearish movement and soon will reach the 0.8400 support level. There is no ... (full story)

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  • Category: Technical Analysis