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KarYong

USDJPY - One Move Move to The Downside at 104

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
KarYong  
FX:USDJPY   U.S. Dollar / Japanese Yen
Wave Analysis USDJPY nfp dollar DXY yen Elliott Wave
10
1
waveanalysis usdjpy nfp dollar dxy yen elliottwaves
Looking at how price is developing since the swing high at 107.90 was established, we are expecting more downside on the USDJPY.

Price is currently developing in a corrective manner, and we prefer to look for short opportunity around the 106.65 - 106.94 area, with a potential target down at 103.99.
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