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EUR/JPY looks to fade recovery

Tuesday, February 24, 2015 8:27 AM UTC

Long tail on Friday's candlestick line is a drawback for bears
Spot unsuccessful in performing a daily close sub 134.20
134.20 - 38.2% of the 130.16 to 136.70 up-leg
Market needs a daily close sub 134.20 to fade the structure further
Traders look to get short at 135.70

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EUR/JPY looks to fade recovery

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