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EURJPY Preparing for Huge Break-Out!

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yen denominated pairs have had a tough few weeks as continued depreciation and rampant speculation over central bank intervention has taken its toll. However, the EURJPY charts are starting to signal a potential breakout in progress that could set the pair up for some significant gains. As the currency pair has continued to fall over the past few months a number of large breakouts have occurred from the bottom of the channel. In each example, there has been a relatively consistent downtrend

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