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    Fractal analysis of the EUR/JPY and GBP/JPY pairs. Trading recommendations 2010-07-21

    Dear traders,
    For the EUR/JPY and the GBP/JPY pairs, key levels remained unchanged and the situation clearance is expected here. In general, as a major tendency is considered downward because there are initial conditions for that for both pairs.

    Forecast for July 21:

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    EUR/JPY 116.39, 115.46, 115.08, 113.90, 113.49, 111.93, 111.05, 110.70, 110.04 and 108.85
    Trading recommendations:

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    GBP/JPY135.71, 135.45, 134.43, 133.84, 133.42, 131.89, 131.18, 130.94, 129.80 and 129.27.
    Trading recommendation:

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