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Monday, December 12, 2011

USD/JPY - A LONG-TERM FIBO PERSPECTIVE

Take a look at this technical long-term Fibonacci scenario for the Dollar-Yen. Since 1985, the pair hasn't even retraced to one of the most possible Fibo retracement level - the 50%. And even if it goes down all the way to "0.00", technically, it still has a good chance of making it back to the 130 area - that's assuming Japan doesn't throw in the towel.

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