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Wednesday, August 19, 2009

Over head resistance of the M6o Ichimoku Kumo should stop the market at 1003- 1007. 1003 is 61.8% Fibonacci of Minor A wave. Then we find support when we meet the Kijun-sen on the Ichimoku Daily chart at 961 which is also the 38.2% Fibonacci of the July/Aug rally.

I believe 24 Aug is an important date, and will be the start of Wave C to 1044

Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

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