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USD/JPY Point of interest

FX:USDJPY   U.S. Dollar/Japanese Yen
USD/JPY             has just completed a large 5 wave formation going back to Sept 2012 followed by a 50% pullback within a nicely formed channel.

We are now at the top of the channel and I will be looking for either a rejection of the trend line and a possible short OR a break of the trend line and a pull back confirmation.
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