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EUR/JPY looks to fade recovery moves

Wednesday, February 25, 2015 9:34 AM UTC

Long tail on Friday's candlestick line is a drawback for bears
Failure to perform a daily close sub 134.20 hurts bears
134.20 = 38.2% of the 130.16 to 136.70 up-leg
Market require a daily close sub 134.20 to fade structure further
Traders looks to get short again at 135.70

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EUR/JPY looks to fade recovery moves

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