EUR crosses

EUR/JPY: Close to my support levels near 106.50

I like looking for “impulsive” levels in the market, levels where the market accelerated from or bounced hard off. Last Friday we saw a very sharp move in EUR/JPY which took it from 106.50 to 107.30 during Asian trade. We are trading back close to the 106.50 level and if my theory is correct, this level should be hard to breach.

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