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Euro-yen
Price 165.50(weekly close , 6 of June 2008).
Euro-Yen is at critical point and now she have two ways for the next 4 weeks.
Plan A is to go sharp down to continue the 4th wave or
Plan B to go sharp up and make the final 5th wave.
If we take a look of the previous weekly correction wave 2 ,
which was long triangle formation and HUGE Head and Shoulders pattern
in year 2003-2004 and compare it with the current 4th wave formation
also Head and Shoulders patern , we'll see the same movements in.
See the Charts attached below.
Further resistances and final 5th of 3th wave could be 178.50 or 181.80.
Further support inside the triangle could be 158.80 and 154.10.
Sincerely yours,
Mihail Mihaylov(Thomark)
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Currenstock™ 2005
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