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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Daily analysis of EUR/JPY for August 22, 2016

EURJPYH4.png

Overview

The EURJPY pair traded positively last Friday moving away from the initial support at 112.40, affected by stochastic positivity as it approaches from 80 levels. Therefore, we still expect upward movements and wait the price to reach the first correctional target at 115.10. The expected trading range for today is between 112.40 and 115.10.

The material has been provided by InstaForex Company - www.instaforex.com