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Thread: Discuss the USD/JPY with a DailyFX Analyst

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#68 (permalink)

06-27-2007, 04:37 AM

terton

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Posts: n/a

USDJPY presently wants to go to 122.17. Doing so in a rather uncontrolled fashion. Could base around there a few days and start a climb back for a new cycle commencing early July 4. Alternatively, if the 76.4 ret gives way before then at about 121.70 then a larger correction is taking place. But I think not.

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