Elliott Wave Analysis: USDJPY Unfolding a Temporary Pullback

Technical analysis of Forex market

USDJPY made a nice structure, up from 108.49 level, a five-wave move which is now being retraced by a temporary pullback. We see this pullback as an a-b-c, which is now trading at interesting support regions, here at 109.73/109.42 area. A rally in impulsive fashion would suggest a completed correction and more upside.


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