Wednesday May 19, 2004 - 04:48:35 GMT
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QIndex - www.qindex.com
EUR/JPY : Heading Towards 132.34
EUR/JPY : The critical level of my 44-day cycle reference is located at 134.09 - 135.84 and the market rhythm is represented by 175 pips. The pattern of the 44-day frequency chart suggests that the market is likely to vibrate around the critical level with an expected magnitude of 1.75, i.e. 132.34 - 137.59. If the downward trending momentum is strong enough to penetrate through 130.58, EUR/JPY has a potential to go all the way to 127.07.
44-Day Cycle Quantzed Levels
...127.07* ... // 130.58* - 131.46 - 132.34* - 133.22 - 134.09* - 134.97 - 135.84* - 136.72 - 137.59 * // ...
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