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USD/JPY Breaks Monthly 38.2% Fib Support With Style

Discussion in 'Technical Analysis' started by Kaitlin, Jun 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD did not break below the 61.8% Fibonacci target and therefore did not extend the bearish 5th wave. The bullish move has decent momentum and has been labelled as a wave A (blue). The Fibonacci levels of wave B (blue) are expected to act as support. A break below[​IMG]

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