This a great opportunity for a long-term position, we both know EURO>JPY in-terms of size and economy so this correction trend where JPY is falling back to previous low's and EUR is climbing against the usdollar so taking that advantage we also see a good fib level retracement going on here.
CAUTION: EURO can be very hostile so just trade wisely and don't put stops 10pips away, you will be stopped.
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