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

on February 03 2010 8:51 AM

The parity EUR/JPY is currently testing its bearish slant. We maintain to trade only short positions as far as the price is below this slant (127 in extension). A break out of 127 will offer a buy signal. We will then advise to trade only long posiitons as far as the price is above 126.

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