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EURJPY Outlook 7-11 November, 2016 | November 6, 2016
Eurjpy has formed a pin bar on daily chart on 100 ema. This ema can be good resistance level for this pair. Below this ema, we can stay on sell mode. 115.70-116.20 level can be good resistance area. We can go for sell from this area. So we recommend to sell from this area after getting candle confirmation.
On the other hand, this pair is now on bullish mode on short time frame. So day traders can look for buy for short time. If the resistance can be broken, then we will recommend to hold the buy entry for more bullish movement.
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