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Wednesday, February 8, 2012

EUR/JPY 08.02.2012


/ On : 12:03 PM
Yesterday the EUR / JPY has approved a return above the 101 points giving a buy signal.
The course is currently testing a bullish break of resistance located at 102.
The price is still above its long-term downward slope (purple line down on the graph).
All indicators are bullish.
We maintain to trade only long positions that the course will be located above 101.
Validation bullish break of 102 will then offer a new buy signal for a bullish extended to 103 or higher if this level is also broken.
In case of return of over 101 subthen we will await the return of more than 100 points as an advisor to enter / not treat more long positions in parity.


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