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USDJPY: Pattern Argues for Rally to 113.75
Wednesday, 05 December 2007 17:36:06 GMT
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The pattern that has unfolded in the USDJPY since the low on November 26th at 107.20 indicates that significant upside potential remains, but not before a deeper setback. The wave pattern is quite clear at the current juncture and presents a favorable reward/risk ratio for bulls.
Discuss this idea with DailyFX analysts on the USDJPY Trading Forum
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