紐元 / 日圓
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Major Resistance Being Tested

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Price is now looking to test the major resistance in this pair.

As the daily chart shows; price has formed an inside bar just underneath this level.

We could expect to at least see some resistance and a bounce back lower from this level before a possible break higher.

A break higher would see price recover all of the losses from earlier in the year and make a new test of the yearly highs from back in January.

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