EURJPY sellers have been leaning. That is staying below the 100 day MA, & the 100 hour MA ...Middle East

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EURJPY sellers have been leaning. That is staying below the 100 day MA, & the 100 hour MA
When technical levels overlap and find sellers (or buyers) leaning against that level, it should raise an antenna for traders as a "key risk focused level". That is, if the price cannot get back above that level, the sellers (or buyers) are in control. Moreover, if multi-time frames (i.e. daily, or 4-hour , hourly, etc) have technical levels that converge at the same level, it makes that level even more important. In the EURJPY, the 100-day MA and a swing area converged near 162.93 on Friday. When the high corrective price on Friday reached that level, sellers leaned against the level, and pushed the price lower (see the chart below).Going further, looking at the hourly chart below, the 100

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