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11  06 2008

AUDJPY at 261.8 fib expansion level

AUDJPY at Fibonacci Expansion levelTogether with the previous high at 102.00, we might see some resistance before price is able to clear.

FX is steeped in the use of Fibonacci levels. The A-B-C reveral pattern of higher-low  is also a 50% retracement level.


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