Quick Look: EUR/JPY faces hurdle at 126.44

EURJPY D1 (03-16-2016 2151).png

Failure to stay inside falling channel, if followed by another failed attempt to chew through offers around 126.44 would signal bulls are losing power and the cross is heading back to 124.47 levels.

A break above 126.44 could immediate translate into a quick fire rally to 127.15 (50-DMA). Further gains would require a daily close above the same.

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