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Wednesday, February 1, 2012

EUR/JPY 01.02.2012


/ On : 1:16 PM
Yesterday the EUR / JPY has approved a break on the 100 points giving a sell signal.
In the short term we write the parity within a bearish channel (black segments on the graph).
The price is still above its long-term downward slant (purple line down the chart).
All indicators are bearish about.
We continue to advise treat only short positions that the course will be located under100.50.
Maintain the current less than 100 points to strengthen our bearish sentiment on parity.
A break out of the 99 points will then offer a new sell signal for an extension of thedownward movement in the direction of 98 or below if this level is broken.
In case of return of the course above the 100.50 points then we will wait for a break of 101 points up to advise to go / not to process more than the long positions on gender ..




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