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Daily Forex Technical Analysis and Strategies

Mar 13 2015 at 11:45
2 posts

The primary trend of EUR/JPY is bearish, prices are successfully sustaining at the lower levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 131.35 Today if the pair breaks 131.35 & managed to sustain below it, then we can expect it to continue its ongoing trend & test the level of 131.00 in today's session. RSI is also sustaining in selling territory supporting downside movement in the pair.
STRATEGY :- EUR/JPY is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.


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