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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/JPY Trading Recommendations for 3rd August, 2016

The price is right at channel support and a key Fibonacci projection level (as seen with the brown arrows). This signals a bullish recovery to at least the 114.75 level which is a strong graphical resistance level and Fibonacci retracement level.

Stochastics (21,5,3) is also turning up from 8% level signalling a bullish move.

analytics57a1bab73f8d9.png

Trading Recommendations:

Buy above 113.00.

Stop loss 112.20.

Take profit 114.75.

The material has been provided by InstaForex Company - www.instaforex.com