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Short

EURJPY Head and Shoulders Pattern

FX:EURJPY   Euro / Japanese Yen
35 0 1
This pair has been consolidating above the level of resistance marked in red around 133.500, forming a very nice and clear head and shoulders pattern. I have shorted this pair about 2 hours ago around 134.500 after getting confirmation that the patter has been formed. Initial target of the support level at 133.500 with secondary targets set at resistance now turned support of around 131.150.
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