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    EURJPY, Daily

    The short term technical view for the EURJPY supports long positions for a target near the 132.35 – 132.79 area. Stochastic momentum analysis is over bought; and price is trading above the downward sloping trend line. Traders should be on alert for a potential price reverse upon price hitting the 132.79-132.35 target area at which point short sellers could emerge. However, upside potential remains if price overshoots the target area that could lead to further upside potential towards the 134.00 area.

    Feb 1 EURJPY SRL V2

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    John Knobel 

    Senior Currency Strategist


    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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