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Sunday, July 25, 2010

EURO/JPY--- Bullish near terms ?

Technically, EURO/JPY should head for further North near term. 

On H4, 113.37 ( the recent high) should be tested shortly,

On Daily Chart, 114.38 ( 100% Fibo Ext) is its next resistance., follows by 117.90 being the Ichimoku Cloud Top Resistance.





H4 Euro/ Jpy Chart


Daily Euro/Jpy Chart


STRATEGY

BUY near 112.50 (the Pivot level on Daily Chart)

Target:  113.35, follows by  114.35, then 117.90
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