USDJPY 4 HR Elliott Wave Count
The USDJPY has broken above the 109.7 resistance area with very little pullback for a 2nd wave. We could see a little higher to possibly complete wave 1 of iii. I would like to see a little pullback here that holds above 109.44 then breaks higher again.
IF the 109.44 low is truly a wave ii low then stops would be safe below there.
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| USDJPY 4 HR Elliott Wave Count |