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USDJPY Bearish Momentum Aligned With Wave Outlook And Fibonacci

Discussion in 'Technical Analysis' started by Kaitlin, Apr 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD is in bullish trend channel (purple) with resistance trend lines (orange) closeby. A bearish bounce would confirm the wave X (green) correction; whereas a bullish breakout would see the larger WXY (purple) develop towards resistance (red).[​IMG]

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