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The USD/JPY finally popped today PDF Print E-mail
Wednesday, 12 November 2008 13:28
After yesterday’s email, I was caught on the sidelines sitting on my hands.

“Targets include 100.87 (50 Fibo Line) to the top, and to the bottom 94.57 Daily Low from 10/28.”

The above sentence is an excerpt from yesterday’s email.


Well, there’s nothing you can do about it now though. The Bounce off of the 94.50 low was quite spectacular, and the low may not be easily breeched for a few days. I am still of the belief that the pair wants to taste 91.00 again and that when the fall comes it could be as spectacular as this mornings.

The boring part may lie in between now and then. After twelve days of mindless Consolidation, I would hate to see it happen again.
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