InstaForex - Analytics


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    Fractal analysis of the EUR/JPY and GBP/JPY pairs. Trading recommendations 2010-08-03

    Dear traders,
    For the EUR/JPY, we do not observe any evident initial conditions for a downward motion development. Also, we continue following the local upward structure from July 30 development in H1 scale. There is good potential for development of a mid-term ascendant structure from July 22 for GBP/JPY pair. In general, both pairs have positively correlated between each other recently.

    Forecast for August 3:

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    115.84, 115.54, 114.79, 114.39, 113.34, 113.06, 112.69, 112.08, 111.61 and 111.31
    Trading recommendations:

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    141.23, 139.81, 137.96, 137.38, 136.48, 136.08, 135.24, 134.95 and 134.09
    Trading recommendation:

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