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EURJPY:Elliottwave Structure suggests pair ready to go lower

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Short term Elliottwave structure suggests decline to 125.76 ended wave W. Up from this level, wave X bounce is unfolding in a double three structure where wave (w) ended at 127.87, wave (x) ended at 126.358 and wave (y) of X has ended at 128.14. Short term wave “b” bounce is now expected to fail below 128.14 in the first degree for more continuation lower. A break above 128.14 will open extension higher to 129 – 130 area, but as far as 132.31 pivot (second degree pivot) stays intact, it’s

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