Monday, January 27, 2014

USD/JPY - Correction likely over. Look for a new impulsive decline soon.

USD/JPY

With a small correction towards 102.77 (slightly above the corrective target at 102.72) and I will now be looking for a break below minor support at 102.06 confirmning the next decline lower towards 100.66 and maybe even lower towards 99.68 as this wave iii lower seems to extend more than first expected.

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