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How I’m trading EURJPY: Lucas

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Steve Lucas believes there is an opportunity to short EURJPY and here’s why.

Based on the charts, Lucas says he will sell at market and sell a rally to 126.40, the previously broken daily bull trend. His stop on the trade is at 127.01 and his targets are 124.67, the 2 week low, 123.06, the 4 week base and 122.05, March’s low trade.