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Why I'm looking to buy EURJPY: Coleman

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Ian Coleman of PIA-First explains in a technical analysis of charts why he is looking at a countertrend trade in EURJPY.

He is looking at a long trade in EURJPY at 131.23 and plans to buy a dip at 130.71. The stop is at 130.40 and target is 133.30.

Coleman features technical analysis of a selected trade every Tuesday on Trading Floor.