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Short

Elliott Wave Analysis: USDJPY Aiming For 100

FX:USDJPY   U.S. Dollar/Japanese Yen
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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