ew-forecast

USDJPY: USDJPY In Final Stages Of Wave 1

FX:USDJPY   U.S. Dollar / Japanese Yen
14
USDJPY broke sharply higher today, out of a triangle so recent price action was wave four and not wave two since triangle never occurs in wave two position. That said, we are looking at a strong rise as wave five of 1 that can be looking for a top around 112.00 zone.

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