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versatrader
May 13, 2014 11:35 PM

EUR/JPY - Possible bounce at 140.00 support Long

Euro Fx/Japanese YenFXCM

Description

Even though I don't like trading on contrary positions for highly correlated pairs, like GBP/JPY and EUR/JPY, I'm longing EUR/JPY for the next few days. The pair is at a strong support level (plus round number: 140.00). The stop loss is tight with 3 times the take profit.
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