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A great short term buy opportunity in the EURJPY right now. If the decline from 166.65 is indeed an impulse, then wave 5 is extended and therefore we are due for a sizeable wave 2 higher. Waves a and b of the 2 are complete and wave c is probable beginning right now. The target is 164 (former 4th) and risk is kept to 159.74.
Last edited by Jamie Saettele; 01-04-2008 at 08:48 AM..
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