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Slumdog Forex - Daily Forex Analysis

EUR/JPY Daily Preview - August 6, 2012

We have what looks similar to a double bottom on EUR/JPY... double bottoms will for the most part go before solid bullish moves when their necklines are broken. That being stated, a case might be made for an additional unyielding rally on EUR/JPY. In light of the fact that the tallness of the twofold base framing is about 200 pips, the pair's following stop would be able to be 200 pips above the neckline at around 99.0.

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