Thursday, November 22, 2007
by S. Wade Hansen
The USD/JPY has been steadily falling since late July. Well, that is not actually true. It has had a few moments where the USD has been able to recover a little bit or when the JPY bulls have had to rest and recoup. But after each consolidation period or attempted rally, the USD/JPY has continued its march lower.
This current consolidation is no different. The USD/JPY is heading lower---down to 105.00. Are you ready to make 300+ pips?
To see why I believe the USD/JPY is dropping to 105.00 and how you can take advantage of it, click here: http://www.pfxglobal.com/index.php?o...296&Itemid=188
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Analysis by Profiting With Forex (PFX)
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