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Wednesday, 5 December 2012

USD/JPY H4 Update + TPI

Rationale:

According to Fibo Time Cycles, wave 4 low ended this night and now price is developing impulsive price action as wave 5 lingers upside.

Entry:
Buy Limit on Fibo retracements of wave 1 ( like 81.90, 82.00).
SL: Below 61% Ret.
TP:Above wave 3 high.


Take care,
Seb


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