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Friday, April 6, 2012

EUR/JPY technical report classic 04.06

EUR/JPY: the market is finally in the process of correction after the last fresh wave reaches 2012 summits more 111.00. From there, we see the weakness of the further risk to 105.00, but ultimately any setback additional area must be well supported for the resumption of the newly formed upward trend. We support the cross carved a significant cyclic background and long-term here are force. Only back under 102.00 would delay outlook and give reason to worry.

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