USDJPY it is just at the beginning of a major bull market, but like every market there must be some corrections along the way. Nothing goes straight up or straight down without having some corrections. Figure 1 is showing us that based on Elliot Wave theory we have completed the 5 wave cycle and we are at the inception of a more deep correction before to resume the bullish trend. The market is overbought at this level with so many buyers we just have to squeeze the weak hands before to continue …
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