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14.12.2012 11:03 AM
EurJpy Targeting 111.00 Level

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Technical Outlook and Chart Setups:

Structure remains similar. Bulls are poised to print higher levels in the coming sessions. Resistance remains to be cleared at 111.00 level. Immediate support on a daily chart remains at 106.00, followed by 105.00 and lower. It is recommended to continue holding long positions from yesterday and further buy on dips. Only a break of 106.00 should be a concern for the bulls now. Looking higher from here on.

Trading Recommendations:

Hold on to long positions taken earlier. Stop is at 106.00. Target is at 111.00 plus.

Good Luck!

Summary
Urgency
Analytic
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