Art_of_Trading

EURJPY: Buy Opportunity?!

Long
FX:EURJPY   Euro / Japanese Yen
The EURJPY dropped significantly last 2 days and reached the major support at 131.7 area. The price respected that level multiple times and it is expected it will do again. The big orders are usually placed at key areas and it is more likely that there will be buying orders there. Moreover, the 38.2% Fibonacci retracement perfectly matches that same support area.
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