Usd/Jpy established recent highs around 85.70 region, where the price action slowed down, but only into a corrective pattern laballed as a red wave 4).
Guest post by Gregor Horvat
As such, uptrend continuation is still expected in coming sessions and days, towards 86.30/50 region, which will be wave 5), final leg of an impulsive structure. Traders should keep an eye on bids from 83.80-84.25 supports zone.
Only a sharp fall below 83.30 region would suggest that more important top is in place.
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