USD/JPY - Important support at 103.73 need to be broken to confirm a top.

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USD/JPY:

 

We still need a break below support at 103.73 to confirm, that we have seen the top at 105.44. However, as long as support at 103.73 stays unbroken, we could see more upside towards 107.56 before the final top is in place.

 

A break below 103.73 will call for a continuation lower towards at least 103.31 and likely even lower towards 102.30.

 

Longer term a break below 103.73 will call for a correction towards the bottom of wave 4 of one lessor degree at 96.53.