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Usd/Jpy once again established new highs, now well above 85.00 region, where the price action may slow down. The reason is of course the substructure which is in five waves within an extended red wave 3).

Guest post by Gregor Horvat

As such, we need to pay attention on the red support line, where a breakout will signal for a corrective reversal into a wave 4) towards 84.00 zone, when new opportunity to catch the bull market should occur. Stay with a trend, buy the pull-back.

 

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