Short

USDJPY 102

Updated

USDJPY retraced almost 61.8% of the previous fall in wave B or 2 up. the rise is marked a-b-c, and a break of the rising channel below 108.62 would confirm start of wave 3 or C down back toward 104.50 and lower. A move above the retracement mark at 110.25 would be the key resistance for this.

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