Friday, August 2, 2013

EURJPY Price Action: Fakey Setup takes off. August 1, 2013

EURJPY has pulled higher, following the Fakey setup from the close of trade yesterday. Price had been held by the lower trend-line after a pullback as price hit the inner side of the ascending channel, which the pair is expected to trade within, in the coming weeks. The Trade room managed to make a long entry and our target will be the upper band of the channel.

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