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EURJPY News

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Last Updated Date: 21 January 2022 @ 1:56 PM (UTC)
*Please note that all the dates are in GMT time zone

Yesterday’s drop and close at the 129.01 lows signals a short term bear trending action. Trade is poised for selloffs and close under 128.55 implies a bear wave to 127.61. Any corrective congestion in the lower half of yesterday’s downturn should bear flag a setup for selloffs. A close over 130.10 (SAR) is needed to reject yesterday’s downturn.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.