Monday, 14 September 2009

OnSpot: EURJPY

Very exciting pair, made 200-300 PIPS drop in last week. Current price 131.44. My analysis shows that there is still small bearish strength but in next 24-48 hours the bull will take bear by horn. I do see 61.8% recovery as per Fibnacci technique. Now it is upto you do decide whether you want to make 100 PIPS or 150 PIPS.

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