Friday, October 16, 2026

Technicals

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EUR/JPY looks to fade recovery moves

Large black candlestick line on Friday further weighs Daily closes below 131.70 on Fri & Mon is another bearish sign 131.70 - 76.4% of the 130.16 to 136.70 up-leg - is another bearish sign Look to get short at 131.90 exp…

By Meredith J C Warren
1 min read
EUR/JPY looks to fade recovery moves
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  • Large black candlestick line on Friday further weighs

  • Daily closes below 131.70 on Fri & Mon is another bearish sign

  • 131.70 - 76.4% of the 130.16 to 136.70 up-leg - is another bearish sign

  • Look to get short at 131.90 expecting losses through 130.16

 

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