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EURJPY is in a short term down trend, so I’m going to look at a short play. I will short below the 100 SMA and pivot point right below 141.50. Stop above 50 SMA @ 142.37. Going for 10 pips of course, but my aggressive target is going to be 140.71.
If EURJPY decides to keep going up I will go long above the R3. Right below the 50 SMA as my stop. 10 pips is my first target, then 143.50 as my aggressive target.
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