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October 28, 2012

EUR/JPY Trading Near Support Factors after ABC Correction

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Consolidation: Let's start with the 4H EUR/JPY chart. This chart shows a market that rallied until it hit 104.50, as it tested a declining trendline that goes back to 2011. It has consolidated last week completing an ABC correction so far. The latest wave down was held at the Friday close (10/26)... FF News: Technical

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