240 Minute Bars
Prepared by Jamie Saettele
The USDJPY decline from 8312 presents a bullish opportunity. The
choppy decline from 8368 found support just below the 61.8%
retracement of the rally from 8092 as has the choppy decline from
8312. Reinforcing the idea that a low is in place at 8184 is the
impulsive nature of the rally from that level. If 8184 fails to hold,
then watch for support from the Elliott channel (downward sloping
dashed lines) and 8129 (100% extension).
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Source: Dailyfx.com
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