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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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