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Sorry if you already treated this subject recently, as I was away
from RT for several months.
But I found something exciting, but quite frightening, by looking at
LT USDJPY charts:
In the attached chart, you will see a monthly bar chart, with 3 very
reliable patterns: 2 triangle, and one H&S formation, all converging
to...NOW (the last bar on the chart).
If the actual 1.15 level is broken down, it means that the Head &
Shoulder is confirmed; objective: 0.95.
But this happens, automatically the two triangles are broken at the
downside, wich implies 2 dramatic objectives of respectively...0.36
and 0.12 for USDJPY !!!
And...if you change the chart to logarythmic, the triangles are
already broken.
So, I expect that if USDJPY does not react NOW, in the very next
hours or days, to the upside, it is done.
I could only vaguely imagine WHAT world event could accompany /
justify such move.
What do you think ? I am interested. My opinion is that USDJPY will
react now to the upside (which he just did when he touched the 1.15
level, but for how long)
Carl
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