Forex | Forex Strategies | Chart of the Day - USDJPY (31/07/2009 08:52:17)

Chart of the Day - USDJPY

Daily The ‘big picture’ looks pretty good. We have five waves up (ok the fifth wave was a bit of a non event), then we were met by class A divergence (D). The move up was at +37 degrees which is impulsive. We have since pulled lower at an angle of -18 degrees, corrective. We have three corrective waves (a,b,c,) all of which have three sub-waves inside. The whole move down has paused and moved higher around the 61.8% level (92.55).We have now broken the all the oscillator trend lines to the


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