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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/JPY - Monitoring The Short-Term Declining Trend-Line

EUR/JPY is setting lower highs and is now monitoring the short term declining trend-line at around 134.38. Hourly resistance can be found at 134.51 (26/05/2015 high) and hourly support is given at 133.11 (05/05/2015 low)

In the longer term, the break of the support at 130.15 validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Key supports stand at 124.97 (13/06/2013 low) and 118.73 (25/02/2013 low). A key resistance can be found at 136.70 (11/02/2015 high).

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