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    Technical analysis of EUR/JPY for November 6, 2015

    General overview for 06/11/2015 09:20 CET

    The bottom for the wave b purple looks to be in place and the market should unfold another upward wave to complete the cycle. The first possible target is around the golden channel trend line resistance and demands breakthrough zone resistance between the level of 133.70 - 133.91.

    Support/Resistnace:

    130.50 - WS2

    131.60 - Intraday Support

    131.75 - WS1

    132.70 - Intraday Resistance

    132.82 - Weekly Pivot

    Trading recommendations:

    Buy orders from yesterday should be kept open with TP at the level of 133.40.

    eurjpy_h1.jpg

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