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USD/JPY Dead Cat Bounce target & wave direction (Nikita FX )

FX:USDJPY   U.S. Dollar / Japanese Yen
662 2 4
This shows an NFP Dead Cat Bounce target:117.20 will be absorbed within
Green zone and make a wedge rebound towards resistance: 119.33 area.
However this wedge rebound cannot breach the resistance and short term descending
Pink Line. Because USD/JPY             had already done its Channel (since 105.18) breakdown.

Nikita FX (http://climbingfx.jugem.jp/ )
same idea :)
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good idea
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