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Hello Dstock...Pete........
Pete covered the possible scenario's...excellent Analysis...a North break of the NT50 at 139.11 sets in motion a run for the 50Fib at 143<>145 basis...with a North containment at 139.11 being a 1st Signal for a South decline to 136<>1.34 basis.
The 139.11 level is the Signal...and it has a current North containment at 138.70...Sell the containment...and Buy the break at 139.11 basis.
A Monthly look at Eur/Jpy....................
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