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EUR/JPY Is Breaking Above A Large Wedge Pattern From 2008
Stocks, Unit trusts, Wealth Management and Forex markets
19-03-2012, 03:51 PM
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The one
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Join Date: May 2000
Location: UK
Posts: 97,410
Potenza rep: 10
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EUR/JPY Is Breaking Above A Large Wedge Pattern From 2008
It might still be a bit early to say, but EUR/JPY is starting to show a breakout from a large declining wedge pattern that started in 2008, seen in the weekly chart to the left (click on it to see full chart). This wedge has completed a 5-wave count (ABCDE), 
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