Wednesday, January 27, 2010

USD/JPY Ending Diagonal Count


Here is my current favoured count for the USD/JPY pair. It looks as though an ending diagonal is forming, as both waves 1 and 3 look to be in 3 waves. Expect a throw over which is usual for EDs. I will be looking to buy at around 88.70 if price action does not invalidate this count before it reaches the entry point. 

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