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November 7, 2012

USD/JPY – Possible Elliott Wave Count and Implication

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Correction: We noted earlier in the week that the USD/JPY was getting into a bit of consolidation after finding resistance at 80.66. So far we have seen some strong developments, such as a 61.8% retracement of the latest bull swing from 79.27 to 80.66. We also lost bullish momentum in the very short... FF News: Technical

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