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

on January 14 2010 3:49 AM

The parity EUR/JPY is making a return above 133. A new buy signal has been given. We advise to trade only long positions as far as the price is above 132. The parity is moving between 132 and 134. A break out of 134 will comfort the bullish feeling and the last bullish signal. We advise to be carfeful as far as the price is into its range. A return on 132 and then lower is possible.

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