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See it turned on the daily trend line,same as eur/usd and usd/chf.
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And now testing 4.35 area again,could be worth watching to see if it gets through it today,or gets shorted on it either way could give an ok trade.
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And now a double top at .64?
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GFT news
[EUR/YEN]'s topside remains capped by the combination of both exporter offers, seen through 134.70-00, and also the expectation of some Japanese bond repatriation flows. These are linked to this week's European Government bond redemptions and coupon payments, in excess of Eur 50bln (France to pay Eur 23.4bln Tuesday, Italy Eur 11.4bln on Friday, along with Holland's Eur 16.9bln), although investor demand for the cross in Tokyo hours contradicts initial market chatter. The technical bias is also positive currently with the break above 134.40 implying a further extension towards 135.50-136.00 is possible before exhaustion within the overall downtrend. Look for this to provide support to Eur/Yen whilst we hold above the 50 day m.a at 133.73.
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Thanks for that Peat,like said on other thread nice daily's(trending).
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Harry Hindsight says MACD crossed over +ve on Jun 15th at 132.46 (days high)
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Long on the trendline again today?.
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Might have been that U turn,eur/usd and usd/chf doing the same.
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Head on zee block if this gets through yesterdays high then long eur/usd and short usd/chf and usd/jpy,last 3 are doing a bit of a U turn now and eur/jpy still testing the high.
They are trendline swapping now on hourly(last 3)
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