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Elliott Wave Analysis: USDJPY Update

Elliott Wave Financial Service
By Elliott Wave Financial Service

As expected, USDJPY is finally turning lower, which more and more looks like it’s a wave »iii« in play after that projected leading diagonal in wave »i« from the highs. However, as said below, US stocks market can see a recovery, which may cause a small pullback on USDJPY before a continuation to the downside, but in any case we remain bearish!

USDJPY, 1h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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