EUR/JPY - there is currently a long (buy) opportunity, as the market is now touching the strong historical lower support level on the Daily timeframe. The market has bounced of this support level, every time since july 2012. This means there is a high probability that it will repeat this, and be rejected by this support level. A Trade like this offers a generous risk/reward ratio.
Disclaimer. Further technical and fundamental analysis should be considered before entering a trade like this.
Disclaimer. Further technical and fundamental analysis should be considered before entering a trade like this.
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