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Old 03-04-2010, 07:45 AM
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Default Technical Analysis for Crosses

The GBP/JPY pair approached the detected areas of reversal around 134.25, where it started to decline sharply claiming that the suggested 5th wave of the above shown Elliott count might have been started. Thus; potential downside movements could be seen over intraday basis. Stochastic supports this negative anticipation.
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