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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on February 22, 2011, 05:09:11 am

Title: Trade Idea: EUR/JPY ? Exit long entered at 113.00
Post by: machala on February 22, 2011, 05:09:11 am

Trade Idea: EUR/JPY ? Exit long entered at 113.00

<p>Despite intra-day brief rise to 114.22, lack of follow through buying and the subsequent sharp retreat suggest top has been formed there and downside risk is seen for correction to previous support at 112.09 (last week?s low), however, break there is needed to confirm and bring correction of the rise<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/Dy594xrV5MQ" height="1" width="1"/>

Source: Trade Idea: EUR/JPY ? Exit long entered at 113.00 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/Dy594xrV5MQ/)