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Saturday, November 28, 2009

EUR/JPY Daily Chart


Here is EJ daily chart.

November 3rd candle provided a range zone for many days.

A break-out (marked with a red arrow) below Nov. 3rd candle low signaled the market short. Price moved to the downside.

Last daily candle is a bullish pin bar at support. A break of the high of this pinbar candle could signal the market to move up.

This is not a recommendation to trade. If you are trading use a demo account or know your risk!

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