I believe the USDJPY is nearing an end to this decline with a new low ending around the 104.00 area. A good signal the bottom is in may be a break of teh RSI down trend line.
I will be looking for a retest of the 2015 highs around 125.00 - 126.00.
#USDJPY Daily Elliott Wave Chart
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| #USDJPY Daily Elliott Wave Chart |
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