Mar 19, 2013
Forex: EUR/JPY limited below 124.00 and 50% Fibo
EUR/JPY is last at 123.44, off yesterday's fresh 7-day lows at 121.55, following news on Cyprus bail-out, that would imply a levy on bank depositors, a measure markets in general didn't like as risk of contagion might spread across EZ periphery troubled countries as possible next targets. The cross printed an intraday double low around the mentioned lows level and recovered circa 50% Fibo retrace of latest leg down 126/121.5 at 123.80, printing weekly highs so far at 123.95, still unable to fill the weekly opening gap.
Baca lagi
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