Stock market today: S&P 500 in weekly loss as trade war fears intensifyy
USD/JPY has reversed down from around 115.36 with stock market weakness so we see pair still in a big and important contra-trend move. We are tracking a double zigzag with wave C of Y) in play.
At the moment, however, price seems to be undergoing an intraday rally, which could be the first indication for a completed correction and more upside to follow.
USD/JPY, 4H
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