Elliott Wave Live: $USD-JPY: Flash

Thursday, December 9, 2010

$USD-JPY: Flash

Is The Dollar Close To A Bottom?

Attached is the quarterly chart for the $USD_JPY pair. The thrust from the 12-yr triangle that began on September 1998 is nearing the completion of a five wave move to the downside. W.5 circle appears to be unfolding as an ending diagonal. Trade should push lower to 77.30.

Best of Trading

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Thursday, December 9, 2010

$USD-JPY: Flash

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