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FX Weekly Report
The FX Weekly Report provides the latest, in-depth forex technical analysis about the FX market each week. By Pierre Charlebois.

Ranges expected to continue this week

January 11, 2009 at 5:53 pm • Posted in fxweeklyreport

Although I’m suggesting the ranges should hold up this week this still opens the door to high volatility. Technicaly most currency pairs are still in a corrective mode of the larger moves that took place in the last quarter of 2008. I would for ranges to continue this week as no clear directions have taken place. What I would expect in the months to come would be renewed moves continuing the what was started in the last quarter however I would expect this is still 3 to 6 weeks away.

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EURJPY_Jan_10_09

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