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fxstraderomi
Nov 30, 2015 10:06 AM

Long EUR/JPY Long

Euro Fx/Japanese YenFXCM

Description

Euro's dip to 129.81 followed by a rise to 130.20 along with a bullish hourly RSI and bullish break on the hourly chart above 130.15 (trend line resistance) indicates the pair could make an attempt at 130.70 (trend line - July low-Sep low).

Prefer entering into long trade around 130.15 for a target of 130.70 with a small stop loss of 120.90

Trade closed manually

Squaring off at a 3-pip loss at 130.17
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