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EURJPY smashed but at support

EURJPY Tech analysis by Simon Kazinsky on 14:16 January 13, 2015 EST


EURJPY has shed 200 pips in less than a few hours but it is now at support provided by an ascending trendline joining previous lows from as far back as 2012.

Below there there is a supporting moving average at 136.80.

The last support for a long term bullish outlook on the pair lies at 133.65.



The euro remains oversold on EURUSD although in long term bearish configuration.




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