Trade Idea: EUR/JPY – Sell at 99.40

Posted by on Dec 25, 2012

Although euro has remained under pressure after breaking previous support at 97.04 and medium term downtrend should extend further weakness to 96.00, loss of near term downward momentum should prevent sharp fall below 95.50 and reckon 95.00 would hold from here, risk from there is seen for a strong rebound

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