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fxtechtrader
Aug 9, 2014 9:08 PM

USDJPY 102.067 key level. 

U.S. Dollar/Japanese YenFXCM

Description

If you look closely at the whole structure in USDJPY 8 hours, it looks as if it is STILL only a retrace of a bullish W base formation. I believe the key level 102.067 will be broken to the upside. Any decline will be much more gradual - as big players need more time to unwind any positions. No trade yet, watching Nikkei225 closely as well.
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