08.07.201116:09 Forex Analysis & Reviews: EUR/JPY Intraday technical & Follow up July 8, 2011.

Long-term review

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As we Expected Level 115.70 limited further decline of the pair.

Long positions from this level are +90 pips.

It's recommended that some of the trading lot should be closed as the pair can face resistance at the current levels.

Area 116.00 - 116.20 can be a good area to add long positions again.

SL should be advanced to be placed below 115.40.

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