USDJPY is trading higher since FOMC
statement on Wednesday. Pair broke above the upper trend-line of Elliott Wave
channel so we think five waves down in wave A)/1) is complete and that market
is in first leg of a minimum three wave corrective rally. We are talking about
wave B)/2) that may reach 100 area later this week. Right now we see five waves
up from 93.78 so we think that wave A is near completion, so be aware of a wave
B pull-back in the near future.
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