Tuesday, March 16, 2010

USD/JPY 4 Hour Update

Here is a 4 Hour Chart of my USD/JPY count. I think there will likely be one more push higher to complete an Ending Diagonal c of B of the triple 3 correction before a final C leg begins. As I have mentioned in previous postings, expect resistance from the downward sloping trend line off the two recent highs. 91.60 is also the 61.8% Fib of the entire consolidative drop from 93.77.

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