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Technical analysis of EUR/JPY for 10th November 2016

Price dropped perfectly to our profit target yesterday. Today we turn bullish above 115.17 support (Fibonacci retracement, horizontal overlap support) to play a push up to 116.23.

RSI (34) still has good upside potential to play this rise.

Buy above 115.17. Stop loss at 114.76. Take profit at 116.23.

analytics58242114db033.png

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