“To review, everything from the 2009 low appears to be corrective. The 3 wave rally from 8480 is surely corrective, so there is the possibility that the USDJPY continues lower from here and takes out 8480 (which would mean that what was thought to be a b wave triangle would actually be a series of 1st and 2nd waves).” Near term, the rally from 8626 appears to be a 4th wave (possibly completed at 8760). Favor the downside against 8810 in anticipation of a drop to a new low (below 8626).
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