USDJPY Long Biased
USDJPY is still in an uptrend, and what we are currently seeing is a pullback on the daily timeframe. Currently based on my wave analysis, i think what we are seeing now is an ABC corrective move. There is a 78.6 Fib support from the 134.745 low to the current high. An ENTRY from CMP @ 136.00 and a STOP between 135.50 and 134.00 would be enough for a breathing space for the market. TARGET is around 140.00.
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