Elliott Wave Analysis: USD/JPY Ideally Reaching Lower
Gregor Horvat | Jun 07, 2016 10:26AM ET
On the USD/JPY, price has developed 3 waves to the downside and because of recent price action we could think that wave four could already be over. We are close to breaking the lower corrective channel which might then push this pair below latest lows of the red wave 3) and support for this move to the downside, which is the last wave 5) would then be around 105 region.
USD/JPY, 1H
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