ChangFionpf
Long

Elliot Wave- W1 of W5 (down trend)

FX:USDJPY   U.S. Dollar / Japanese Yen
68 2 1
Refer to chart.
The down trend is referred to weekly chart (big environment).Light blue arrow up is retracement, recalculate the target is 109.04.
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Sorry, didnt get it completly, in the title you are saying "down trend", hwoever, I can see a light blue arrow going up. Can you please explain it a little bit?
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