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formosanbear

Slight Weakening of the Euro Presents an Entry on the EURJPY

Short
Euro / Japanese Yen (FX:EURJPY)  
formosanbear  
FX:EURJPY   Euro / Japanese Yen
EURJPY EUR jpy tradergirl Forex fx
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eurjpy eur jpy tradergirl forex fx
Bearish signals on the Euro has presented a potential downward movement on the EURJPY. There is a high test that formed today running through the .618 Fibonacci retracement and the monthly support/resistance level (area) of 140.00. Moreover, the reward risk ratio in this potential entry is a nice 2:1.
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