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HomeContributorsTechnical AnalysisUSD/JPY Retesting Strong Intraday Resistance

USD/JPY Retesting Strong Intraday Resistance

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDJPY is retesting the 142 – 143 resistance zone as a larger 3-3-5 regular A-B-C flat correction, where wave C can be already in final stages. So, still watch out for strong bears, especially if we will get sharp or impulsive intraday reversal down. Bearish confirmation is below 138 level.

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