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FX.co ★ Elliott Wave Ananlysis of EUR/JPY for July 14, 2017

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Forex Analysis:::2017-07-14T10:14:34

Elliott Wave Ananlysis of EUR/JPY for July 14, 2017

Elliott Wave Ananlysis of EUR/JPY for July 14, 2017

Wave summary:

We continue to look for a deeper correction closer to support near 125.82 before the next rally higher should be expected.

Short-term, we are looking for minor resistance at 129.66 to be able to protect the upside for the next decline towards 125.82.

Trading recommendation:

We are short EUR from 129.85 with a stop placed at 129.70. If you are not short EUR yet, then sell near 129.65 and use the same stop. Take profit at 126.10.

Analyst InstaForex
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