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AndreM.Moldegard-Eriksen

EURJPY short, 4h chart, decent risk/reward

Short
Euro / Japanese Yen (FX:EURJPY)  
AndreM.Moldegard-Eriksen  
FX:EURJPY   Euro / Japanese Yen
EURJPY 4hour Support and Resistance Fibonacci
3
0
eurjpy 4hour supportandresistance fibonacci
EURJPY is trading close to a strong resistance, formed on weekly chart, as well as fibonacci 50% formed on daily chart. RSI is close to being overbought and the buying pressure is slowing down, showing that the pair could go down soon.
SL is above the mentioned resistance zone.

Entry: 127
SL: 127.6
TP: 125

Risk/Reward: 3.33
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