Bears engaged, eye 152.20, 61.8% ratio – Crypto News – Crypto News
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Next on the upside now comes 142.30 Next on the upside now comes 142.30

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Bears engaged, eye 152.20, 61.8% ratio – Crypto News

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  • EUR/JPY bears lurking for the open next week.
  • EUR has remained firm and bulls stay in control, but the focus is on the Yen.

EUR/JPY is higher on Friday but that does not tell the entire story as the following technical analysis illustrates. It has traded between a low of 155.92 and a high of 156.13 but there is a bearish bias:

EUR/USD technical analysis

While the Euro has upside potential, the EUR/JPY charts is bearish as the yen is flying:

USD/JPY analysis

dxy analysis

EUR/JPY

If the Yen continues and US Dollar bears remain reluctant to commit, we could see the above scenario play out.

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