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Markets Slide Sideways As Trade War Fears Linger

Markets Slide Sideways As Trade War Fears Linger

Despite technology stocks hitting new…

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/JPY: Bulls Clear 200-Day Moving Average

EUR/JPY has extended the powerful advance to settle comfortably above a downtrend line coming in from the July 2011 high and has now breached the 200 day moving average.

While we could see some corrective activity to unwind recent accelerated gains the structure continues to look positive with pullbacks looking limited to projected hourly channel support coming in around 104.30 then psychological 110.00.

Settlement back under 104.30 would warn of stalling upside momentum exposing 101.85 then 99.25, loss of which would expose 97.04 initially as medium-term bears gain control.

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