![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvYYTXe6L6HL2naI7CV0BX4wHHrBzY2j81rUUhCzwQCMZx_NLj7NxJ3v46PpxiIqjdYCouKEQ4EfkFqOIdJ3QAsHry9JW7pwMikbMtdo-jW1a5OIv6WW3gFA1D4giACgVrdpB51ADtvth-/s400/image003.gif)
USD/JPY should be ready for the next leg higher. I still regard the test of 79.67 as the bottom of wave ii, which will be confirmed by a break above 80.69. Breaking the 80.69-resistance would target 82.21, but further out we should see the long term resistance-line near 83.50 tested.
Only a break below 79.67 will delay the next leg higher for a move down to 78.80 before higher.
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