Thursday, October 15, 2026

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EUR/JPY looks to fade recovery moves

Close at the end of last week below 128.52 weakens market 128.52 - 38.2% retrace of the 94.12 to 149.79 rise Traders look to get short at 129.50 for losses to 125.10 Tenkan & kijun lines are aligned negatively, highlight…

By Meredith J C Warren
1 min read
EUR/JPY looks to fade recovery moves
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  • Close at the end of last week below 128.52 weakens market

  • 128.52 - 38.2% retrace of the 94.12 to 149.79 rise

  • Traders look to get short at 129.50 for losses to 125.10

  • Tenkan & kijun lines are aligned negatively, highlighting bearish structure

 

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