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    Fractal analysis of the EUR/JPY and GBP/JPY pairs. Trading recommendations 2010-07-15

    Dear traders,
    For the EUR/JPY pair, there are some preconditions for downward correction extending, though the major tendency remains uprising. For the GBP/JPY pair, we again consider the situation in M15 scale for more detailed view. There is potential for descendant movement here, which can lead to a deeper correction.


    Forecast for July 15:

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    116.39, 115.46, 115.08, 113.90, 113.49, 111.98, 111.66, 111.05, 110.70, 110.04 108.85
    Trading recommendations:





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    137.11, 136.59, 135.71, 135.24, 135.12, 134.24, 133.92, 133.81, 133.35, 133.13, 132.60 132.40
    Trading recommendation:





     


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