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Yen Crosses: Opportunities to Sell on Big Rallies

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 1, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    We still view the drop from 167.64 as a series of 1st and 2nd waves (following a major truncated 5th wave). However, the EURJPY has yet to accelerate lower in a 3rd of a 3rd wave as expected. As long as price is below 159.20, this very bearish (3rd of...

    complete article here...

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