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Usd/Jpy Intra-day

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Oct 08 2010

Usd/Jpy fell down to 82.00 region recently, but we still don't see a completed downtrend. A recent slow price action should be only a corrective red wave 4), sub-wave of a blue wave (5). As such, more weakness is expected as long as the market trades below 83, wave 1) region. If 82.00 is out look for a decline towards 81.50 area.

Usd/Jpy 1h chart:




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