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    Elliott wave analysis of EUR/JPY for March 15 - 2016 2016-03-15


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    Wave summary:

    In the short term, the former support at 126.03 now acts as resistance for a continuation lower to 123.01 and below here confirms the decline to 119.90 and maybe lower.

    Trading recommendation:

    We are short EUR from 126.79 and will move our stop lower to 126.75. If you are not short EUR yet, then sell near 126.03 and use the same stop.

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