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Monday, February 6, 2012

EUR/JPY 06.02.2012


/ On : 12:18 PM
The EUR / JPY on Friday approved a return to more than 100 points.
The course is about to retest this level of support after falling 101 in less force.
In the short term, parity is out of its downtrend channel (black segments on the graph).
The price is still above its long-term downward slope (purple line down on the graph).
The indicators are broadly bearish.
We will remain neutral on the parity that the course will be located between 100 and 101.
We advise you to go / not to process more than the positions in the direction of the output of this range of quotations:
- Long if price falls up 101.
A break upwards of 102 will then offer a new buy signal.
- Short courses if 100 fails.
A break of 99 will then offer a new sell signal.
(Stop at 100.50).


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