Elliott Wave Analysis: USDJPY Aiming For 100
It's very interesting to see USDJPY moving sharply down despite higher stocks, but we need to respect what market is doing. That said, we are looking even lower now on USDJPY, simply because we need to respect the price action which shows a three wave rally up to 102.66 area. So it was a corrective and temporary bounce, labeled as wave 4 that is pointing back to 100 psychological level.
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