Fxprotrader

EURJPY: Key Level to Watch for Longs

Long
OANDA:EURJPY   Euro / Japanese Yen
Price is about to reach a key sliding parallel which previously has acted as resistance. Most likely this time will offer good support to price, and having in mind that price is moving to the down into a correction, there is a high probability that this downmove might end. Any buy setup completion at the parallel will be a very nice buy opportunity.
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