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fximperija
Jan 26, 2014 8:57 PM

EJ at lower channel boundary Long

Euro Fx/Japanese YenFXCM

Description

EJ just reached the lower channel boundary and expected to go up toward upper boundary with first resistance around 61.8 ret. (141.2) for roughly 135 pips. Next res at 139.6 and further at 88.6 (139.25) should UJ break out of channel. More likely to bounce of boundary and head north.
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