Another leg down in CAD/JPY

FX:CADJPY   Canadian Dollar / Japanese Yen
26 0 1
After retracing more than half of its sharp decline in the recent 3 months, it seems that the bears are back in control. Considering the Elliott wave structure, the recent upward correction fits well with the 4th wave characteristics and since there is a strong change of polarity zone above, I favor another great leg down.

Good luck,
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