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EURJPY






1/6/2015 2:04:20 AM

EURJPY - Technical Analysis: Tuesday, 06/01/2015 07:04 GMT



A head and shoulders’ pattern was completed to support continuing the short term bearish correctional wave, and the full target of this pattern is located at 140.10, meeting 61.8% Fibonacci level for the bullish wave measured from 134.13 to 149.77.

Negative pressure from the exponential moving average 50, and negative signal comes from stochastic indicator.


Target
Risk


Support
Resistance


Trend Bearish

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