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Wednesday, April 4, 2012

Elliott wave and technical analysis on EUR/JPY

EUR/JPY - Is breaking down from its B-wave triangle. I'm still looking for a decline towards the 105.90 - 106.15 area for this wave 2 correction to end and before renewed upside pressure can be expected.
Resistance will now be found at 108.80 and more importantly at 109.80 which can not be broken as that will invalidated my count.

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