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Wednesday, May 30, 2012

USDJPY Forecast (30 May 2012)

Here’s an update on my quick and dirty forecast on USDJPY Yesterday:

image

Prices have broken the wave d low, that my entry, and my stop is above the wave e high.  If it breaks the wave e high at this point, then the count is wrong.

If you are trading this, be cautious as I know many people who do not think USDJPY would sink much further.  Be prudent by take partial profits along the way if the trade moves your way.