EURJPY buyers push upward, challenging critical resistance levels ...Middle East

EURJPY is currently witnessing a notable shift as buyers are increasingly asserting their presence. They have successfully pushed the pair above a critical swing area, which spans between 156.78 and 157.04. Furthermore, the price has managed to climb above the 100-hour moving average, marked at 157.123. This movement also includes fluctuations above and below the 38.2% Fibonacci retracement level, derived from the downward trend commencing from the high on November 16.However, a challenge has emerged in maintaining this upward momentum, particularly around the 38.2% retracement level. Despite this, the sustained position above the 100-hour moving average and a gradual ascent from this level

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