Friday, August 9, 2013

Epic Research Singapore : USD/JPY News Update

USD/JPY: Close enough:-  The decline to 95.81 is clearly close enough (to the ideal triangle target of 95.41) to consider a possible completed C wave. To add confidence for a D-wave in progress (heading for 100.30) we basically need to move and close above 97.08. Some other yen crosses such as AUD/JPY also looks prone to a move higher (93).

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