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EUR/JPY analysis of the week (4h candlesticks)

09 Feb, 2010 @ 04:33 am BST | By ForexTribe


We duplicate the bearish slant to set the price into a bearish channel. The support line just acted as resistance after the exit of the channel. The price is currently testing a return into its channel. Some indicators are getting bullish. We maintain to trade only short positions as far as the price is below the upper band of its bearish channel.



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