Japanese Yen Impulsive Decline from High (USDJPY Rally from Low)
60 Minute Bars
Prepared by Jamie Saettele
The USDJPY rally from the low is now in 5 waves, which makes it highly likely that a longer standing low is in place at the mid March panic decline low. Given the 5 wave rally, expectations are now for a corrective decline towards 8050.
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