USDJPY is at a new low which can be wave v) now of an impulsive decline from 121.68, so we need to be aware of a limited downisde in the next few hours. We know that after every five waves market will turn with minimum three wave formation. That said, an a)-b)-c) up to 118.26-119.00 would be ideal scenario before we get a new strong impulsive decline.
USDJPY, 1H
USDJPY, 1H
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