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2018 May 30 – EURJPY Breakout and Reversal

2018 May 30 – EURJPY Breakout and Reversal

Traded EURJPY twice today. EUR has been falling over the last two days and hovering around 6-month low. It was time for a rebound.

First, long EURJPY after it broke out the range 125.50. Bought at 125.77 and closed at 126.25, net gain 48 pips with a holding period of less than 2 hours.

Second, short EURJPY after the rally hit resistance at 126.85. Sold at 126.74 closed at 126.50, net gain 24 pips with a holding period of 45 mins.


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