JWagnerFXTrader

USDJPY Market Geometry Suggests Dips are Temporary

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
From the April 23 low, USDJPY appears to have hammered out an Elliott Wave impulse higher. This suggests that after a temporary dip, USDJPY is highly likely to resume this trend higher.

Harmonic analysis suggests the floor is in for USDJPY or may be found with one more small dip. The key level is the April 23 low of 107.47. The meat of the trend would carry to an initial target is 110.50

Good luck.

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