USDJPY has turned nicely down last week from 102.70 area so it appears that recent recovery was a corrective pullback that belongs to a bigger downtrend. That said, we are looking at bearish wave count that suggests further weakness down into wave 5 of an extended wave 3) this week. Ideally price will fall to 99.30-100.00 area in the next few days and then even to June lows.
USDJPY, 4H
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