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Jan 7, 2017 10:47 PM

EURJPY - Bearish 4 Awhile Short

Euro Fx/Japanese YenFXCM

Description

Per weekly chart, EURJPY has hit a HARD resistance on around 124.000. I believe from RSI being still overbought at 64 and CCI going in a downward trend, this pair will be bearish for awhile. There has not been much movement with PRICE ACTION for Dec 2016. Also, Elliott Impulse Wave 4-5 appears to be starting this month.
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