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Jul 27, 2018 1:01 AM

EURJPY - Breakdown in progress... Short

Euro Fx/Japanese YenFXCM

Description

I previously anticipated a bounce of the price on the ascending trendline but it seems obvious that the pair do not want go up anymore and is sliding slowly but surely to the next support around 128.50.
The trendline acting as support has be broken according to the chart.

My trade idea:

Entry: 129.35
SL: 129.75
TP: 128.70

Happy trading!

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