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The Daily Forecaster: EURJPY

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 20, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    We should still observe the 160.11 level as a potential expanded flat. However, the recovery yesterday from 160.90 to the 50% retracement of the decline from 163.86 does raise the chance that we have seen Wave –a- of Wave –v- at 160.90 and Wave –b- at 162.38.

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