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February 18, 2012

EUR/JPY and GBP/JPY trading up near key pivots

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The daily EUR/JPY chart shows a market that has completed an ABC correction with C=A wave equality. It is also just above 50% retracement of the decline from 111.60 to 97.02. The RSi has broken above 60, showing loss of bearish momentum. As the market trades higher, the EUR/JPY is nearing key... FF News: Technical

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