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USDJPY: Pattern Argues for Rally to 113.75

Wednesday, 05 December 2007 17:36:06 GMT

Written by Jamie Saettele, Currency Analyst

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.        

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