Looking to Buy Eur/Jpy
The cross could be finally looking to establish a base after breaking to fresh multi-year lows below 100.00 and stalling out by 97.00. At this point however we will need some form of confirmation and a break back above 98.80 will achieve this goal. As such, we recommend buying on a break above 98.80 with a target of 104.00 and a stop-loss by 96.50.
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