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USD/JPY Out Of A Triangle – Elliott Wave Analysis

USD/JPY Out Of A Triangle – Elliott Wave Analysis

USD/JPY started turning from the 106.255 level, and breached below the lower triangle line, which can be first evidence that a bigger triangle in wave B is completed, and a five-wave structure for wave C underway.

Now we want to be aware of temporary pullbacks along the way; first one can look for resistance at the upper side of the lower triangle line. That said, wave C impulse can proceed towards the 103.5/102.5 zone.

usdjpy, 4h

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