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    Fractal analysis of the EUR/JPY and GBP/JPY pairs. Trading recommendations 2010-07-14

    Dear traders,
    As for the EUR/JPY pair, we continue to observe development of the uprising cycle from July 1. For now, we do not see any initial conditions for a decreasing tendency; therefore, we consider downward motion as a correction. As for the GBP/JPY pair, we observed the long-term ascendant structure from May 20, 2010 and the local upward cycle from July 7. There are no initial conditions for descendant tendency as well.


    Forecast for July 14:

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    116.41, 115.46, 115.08, 113.95, 113.49, 112.45, 112.08, 111.56, 110.70 110.24
    Trading recommendations:



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    138.79, 138.23, 137.11, 136.64, 135.71, 135.48, 134.06, 133.53 132.26
    Trading recommendation:




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