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EUR/JPY : Towards a return below 100?
We advise to trade only short positions as far as 102 is resistance. The breakout of 101 will give a new sell signal and will allow the price to test the psychological level at 100.
In case of return above 102, we will then advise to wait the breakout of 103 to trade long positions.
Traders with a more agressive strategy could trade the pair according to 102 (long above and short below).