(Please click on the chart to see it better)
USD/JPY:
With the break below 103.73 the top of wave 5 at 105.44 is confirmed and we should be looking for a continuation lower in wave iii towards 101.71 before a minor correction higher to 103.10 and maybe 103.50 (less likely) before the next decline sets in.
Long term I'm looking for much lower levels, with the ideal target at 94.03
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