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Friday, February 17, 2012

EUR/JPY 17.02.2012


/ On : 10:26 AM
The EUR / JPY has validated a break yesterday after falling to 103 from 102 upward to support.
The course is currently testing the next resistance at 104 points.
Indicators remain generally optimistic.
We maintain to trade only long positions that the course will be located above 102.50.
An extension of the course above 103 will strengthen our bullishness on parity.
A break upwards of 104 will then offer a new buy signal for a bullish extended to 105 orhigher if this level is also broken.
In case of return of the course under 102.50 so we'll wait for a break of 102 points enteringadvisor / not treat more short positions in parity.



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