USDJPY reversed
sharply lower in this week from 103.70 area where we see signs of a temporary
top. Also notice that recent decline has extended through 102.00 wave (b)
support which is very important sign for completed bullish waves, because after
a long time we have seen a break of the former swing low. With that in mind, we
assume that we have seen a top on this pair, ideally of an ending diagonal, but
for minimum expectations we expect to see at least one more sell-off, either
fall from the top is a corrective move or not. Daily close beneath the
trend-line connected from April lows would be strong bearish view for the pair.
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