Friday, January 24, 2014

USD/JPY - Impulsive wave iii lower is developing nicely.


As expected we did see a new impulsive decline from 104.84. with support at 102.80 already broken I will be looking for a decline towards 100.66 as the next possible target for red wave iii.
Short term we should expecte resistance at 102.72 for the next part of the decline.

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