12 - 1 - 08 USD/JPY
On the daily chart, RSI upside swing likely fails to produce a new high (to high "B" -- reference attached chart), which could lead to a new low (to low "b")so that would drive price to a new low (to 10/24/08 low 90.87).P.S.
Wave 1 started from 10/15/07 high 117.93;
Wave 2 started from 11/27/07 low 107.27.
Downside moving from 6/22/07 high 124.12 likely develops a (A, B, C)3 wave structure to serve as wave 5 in a higher degree wave started from Jan. 2002 high 135.16.
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For long term, better to watch the likehood of development above, and to wait and see price either exceeding 100.55/103.05 or below 90.87 before making decision to trade. ;) ;) ;) ;) Thank you so much, dear Sir! 準;) ;) 谢谢;) 谢谢鲨版:han: 谢谢鲨版 ;) ;) ;)
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