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2015.05.2708:43:00UTC+00Eur/jpy Trade Idea

  • EUR/JPY has broken short term trend line resistance 134.10 and this confirms short term bullishness, a jump till 135.25/136 cannot be ruled out. 
  • The pair's is facing resistance around 134.50 and any indicative break above would extend gains till 135.25/136.
  • The minor support is around 134 and any break below will drag the pair further down till 133.60/133. 

It is good to buy at dips around 134.35 with SL around 134 for the TP 135.25 

Resistance

R1- 134.50

R2- 135.25

R3- 136

Support

S1-134

S2-133.60

S3-133 



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