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USDJPY--Tuesday evening--April 8, 2008

Two completed waves up since the low in USDJPY.
Significant word is completed. If market does not push through the 102.92 resistance (the 2.618 target of the 2nd wave), then it will have to build a new base for a move higher.
080408-1648-jpy4hr.gif

A closer look at 2nd wave pattern.
080408-1652-jpy2hr.gif

Posted by Pure Guesswork on April 8, 2008 5:31 PM |

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