Thursday, October 15, 2026

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EUR/JPY remain short despite challenges

Long tail on Fri's candlestick line an obstacle for bears Failure to perform a daily close sub 134.20 - 38.2% 130.16-136.70 weighs 133.43 - 50% 130.16-136.70 Market needs daily close 134.20 to fade the structure further …

By Meredith J C Warren
1 min read
EUR/JPY remain short despite challenges
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  • Long tail on Fri's candlestick line an obstacle for bears

  • Failure to perform a daily close sub 134.20 - 38.2% 130.16-136.70 weighs

  • 133.43 - 50% 130.16-136.70

  • Market needs daily close 134.20 to fade the structure further

  • Traders remain short at 135.70 for 132.66 and their stop stays at 136.77

 

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By FxWirePro Team