USDJPY – Ending Wedge to limit further buying

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  Monthly: Holding within a corrective channel formation. A solid break of support at 107.52 opens the way for a more aggressive corrective AB=CD formation. The measured move target is 92.00. This is just below the 61.8% pullback level of 94.77 (from 75.56-125.86) Daily: Completed a 5-wave count to the downside (Elliott Wave). A strong recovery can be seen from the 104.65 low (3rd J...

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