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EUR/JPY Forecast For April 1, 2011

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By ForexMansion.com

 

The EUR/JPY continues to launch itself in a parabolic move upward. Entering this trade will be a real challenge as it is certainly overextended at this point. However, on pullbacks, this could be a bargain. Tomorrow’s Non-Farm Payroll could offer the catalyst needed for us to catch up with this pair. Buy on dips, and do not sell at any cost.

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