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Is EUR/JPY Braking Down?


This is one of my favorite trades I had this month. It looks to me that the pair has broken the major support of 180.60-50 and we might see how it moves to the lower trading band next week - unless it was a false brake. The 118.60 support was a major resistance before, so I wonder if now 116.50 is in the cards. I left this position open over the weekend, I believe there might be more profits there.
Yesterday was one of my best days in terms of not just good trades that closed with the profit.…
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Risk Aversion The Name of The Game.

Market sentiment has deteriorated during the Asian session and worsened at London opening. Once again the Japanese Yen is emerging as the winners along with US dollar which made gains against all other currencies except Yen. For euro and the British Pound it's surfacing new worries about the future of EU and its common currency as the political climate is becoming edgy and unclear once again. The antipodean currencies behaved relatively well considering sudden dollar & yen rise, but not without …
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