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Trade Idea: EUR/JPY – Sell at 109.00

Despite Friday’s brief rise to 109.56 (the same high of last Monday), as the single currency failed to penetrate this resistance and has retreated, retaining our view that further consolidation within last week’s range of 106.16-109.56 would take place and mild downside bias remains for weakness to 107.45-46 (pervious minor

Trade Idea Update: USD/CHF – Look to buy lower

Although the greenback has continued to move lower after retreating sharply from 1.0239 and weakness to the Ichimoku cloud bottom (now at 1.0125) is likely, reckon downside would be limit to 1.0097 minor support and as long as recent low at 1.0065 holds, prospect of another rebound remains.

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