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v3forex
Jul 25, 2017 1:54 PM

EUR/JPY to experience a sell position soon. Short

Euro Fx/Japanese YenFXCM

Description

As mentioned before, the current level is too unsustainable for the Free Trade Deal between EUR and JPY to work it out. Based on technical analysis, it has yet to show further evidence of downtrend, however with resistance standing at 130.78, a good 40 pips away from current position. It would be wise to keep a lookout for this trade as it has the potential to go all the way down to 126 level.
Comments
Mairita
I am in the trade...good luck to us :)
v3forex
@Mairita, Hahah, don't depend on luck! If it breaks the resistance point at 130.78 area, be mentally prepared to let it go and enter again at a better entry level! Have a great day ahead! (:
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