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lawlee9
Apr 15, 2017 1:43 AM

EURJPY - Long  Long

Euro Fx/Japanese YenFXCM

Description

Waiting for price to pull back to the 88.6% level, or to an extension at 113.636. From there, looking for a long term hold until end of 1st quarter next year.

Comment

On the monthly timeframe, we see price break out of the descending trendline, and heading in for a retest. This also is where we would see a double bottom form.

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