Another key level in the down run today
The EURJPY is down testing the 200 day MA at 129.527. The price has dipped below the level and traded a little above and below the level.
The pair is stepping lower today.
- Stalled at topside trend line at highs
- Fell below trend line
- Fell below 100 hour MA
Now testing the key 100 day MA.
The run higher was a strong one from August. As said in the earlier post, "With the sharp trend rise, there may be some profit taking/selling temptation." The sellers are being tempted (again) at the 100 day MA. Can they push to the next target levels?
