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laikos
Dec 5, 2017 12:28 AM

EURJPY: Technical SHORT opportunity Short

Euro Fx/Japanese YenFXCM

Description

Fundamental:
EUR from Fundamental is weak currency due to continuation of QE program
Recent German Political unrest still pressuring EUR
JPY Fundamentally still weak currency too

Technical:
In contrast to Fundamental, the technical level for this pair is very interesting.
You can almost see a bull flag if you look at bigger time range, also you can see multiple attempts to break weekly resistance fail in a slightly shorter time frame.
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