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Saturday, 21 October 2006 |
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Sorry, couldn't quickly find a recent thread on this.
I think I said a few months ago that the cross seemed to be driving the market in USD for the two majors. Still think that way.
Got a chance to reexamine my charts and will post here.
Take a look at EUR/JPY which is definately trading in a rectangle from 148-150.50 since its massive run up this year from 140.
Here's the daily:
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