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USD/JPY Facing A Possible Correction In Wave 4

Published 07/12/2016, 10:34 AM
Updated 07/09/2023, 06:31 AM
USD/JPY
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We are looking higher on xxx/JPY pairs since risk on trades are correlated with lower safe heaven currencies which are JPY. As we said earlier we will look for the ABC pullback and try to make a trade on the strongest counterpart against JPY on the long side. For now we are waiting for a minimum three wave pullback to unfold into wave 4, from where some long opportunities may pop up.

USD/JPY, 1H

USD/JPY Hourly Chart

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