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USD/JPY Is Trading Within A Bearish Cycle

USD/JPY Is Trading Within A Bearish Cycle

On the daily chart of USD/JPY we are observing a nice decline of a higher degree taking place, with price now trading in final wave 5. Because of a nice drop from 107 area, we believe blue wave 4 is completed and more weakness may be seen in weeks ahead.

USD/JPY Daily

USD/JPY Chart

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