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The Daily Forecaster: USDJPY

Discussion in 'Technical Analysis' started by Kaitlin, Dec 9, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    I was correct in suggesting that we should let the upside run and wait for bearish reversal indications. Clearly, the break below 123.00 suggested otherwise. However, I am encouraged by yesterday's decline that developed in 3-waves and suggestive of the final leg of a triangle. Thus, we should now see[​IMG]

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