EURJPY tests cluster of technical levels creating a low risk opportunity to buyers/sellers ...Middle East

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EURJPY tests cluster of technical levels creating a low risk opportunity to buyers/sellers
source : forex live ( Middle East ) () 6
The EURJPY is testing a cluster of technical levels including the 100 hour MA, the 100 day MA and the 50% all within a few pips of each other. Below that - and not far away- is the low of a swing area. With several technical levels centered in a fairly narrow range, the dynamics allows technical traders to "risk a little to make more than a little" (i.e., to make more).To learn more, watch the above video. This article was written by Greg Michalowski at www.forexlive.com.

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