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HomeContributorsTechnical AnalysisUSD/JPY In A Three-Wave Bearish Reversal

USD/JPY In A Three-Wave Bearish Reversal

Elliott Wave Forecast
By Elliott Wave Forecast

USDJPY spiked to a new high this week, but then reversed sharply to the downside in the last 48 trading hours, so it appears that pair has put a top in place and that market is headed lower now for a three wave set-back. Ideally that is going to be wave X headed to 107.0/107.40 support area.

USDJPY, 4h

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