Thursday, November 5, 2009

USD/JPY Hourly Chart


Although I am bullish on this pair, there may still be some short term weakness to come before further upside. This is not my favoured count however, I am hoping that the 5-3-5 move I have marked as a-b-X, is actually a 1,2,1, with another 2 complete or almost complete and a sharp upwards movement to soon follow.

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