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EURJPY






8/28/2015 2:58:28 AM

EURJPY - Technical Analysis: Friday, 28/08/2015 06:58 GMT



The EURJPY forms good support base above 38.2% Fibonacci level that becomes key support now at 135.15 after breaching it previously, and after the last decline that was affected by the minor double top pattern, we are waiting to witness positive trading to breach 137.05 followed by 137.90 levels to support the chances of achieving more bullish bias on the longer term basis.

MACD indicator provides positive signal that we are waiting to form positive motive that supports the return to the bullish trend, noting that breaking 133.30 level will stop the positive possibility and push trading to decline on the short term basis.


Target
Risk


Support
Resistance


Trend Bullish

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