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Thursday 22 January 2015

EURJPY Technical Analysis, 22 Jan 2015

00:58

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(136,85) The EURJPY confirmed a mixed closing last night, however negative, but well off the low below 136!! The indicators of the daily chart are still well negative but those of the s/t charts are remaining above the line for now suggesting further s/t upside potential.
However, only an hourly closing above the 200 hours line at 137,35 will support an extension of the move up!
In the hourly chart we have a potential positive reversal situation suggesting a s/t target at 138,25!! However, the signal is not strong enough to suggest a position!!
We stay on the sideline
Resistance137.65138.85
Support135.75134.70

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