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Probable Complex Correction On USDJPY Points Lower

Discussion in 'Technical Analysis' started by Kaitlin, Aug 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USDJPY fell nicely down to our 261.8% Fibonacci projection last week where wave 5 completed an extended red wave 3) based on latest price developments. That said, we see current sideways price action as just another correction; its new wave four but of a higher degree that is showing shape[​IMG]

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