EUR/JPY has seen a fair bit of profit-taking as prices reached important resistance at 137.43. Failing to overcome that level, traders were quick to book profits and send the cross quickly back to the 137.00 area. No surprise, there is talk of a 137.50 barrier being defended. I can’t remember the last time that worked for more than a few hours….
EUR/JPY stalls at crucial 137.43 level
Source: www.forexlive.com
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