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The Daily Forecaster: USDJPY

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 23, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Well, the depth of the pullback on Friday has put the weight of argument in this rally being corrective. If the 87.12 low was Wave (a) of Wave (iii) then a 50% retracement lies at 93.84 and thus breach of this area will be required to maintain a more bullish...

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