Wednesday, December 2, 2009

Yet Another USD/JPY Possibility


Here is another bullish count for the USD/JPY pair. Although I think it is more likely that an irregular flat is forming (see my previous USD/JPY chart), this is also a possibility. We will know if this chart is correct very soon, as the USD will show increasing strength over the next session, probably after touching on the 61.8% Fibonacci at 86.50.

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