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JPY Currency Index

JPY INDEX BREAKDOWN

By Ifeanyichukwuxx
The market has completed the impulse wave (12345 waves) at 809.00 price level. A correction wave comes next which carries 3 waves (ABC waves). From now, we will expect price to continue upward in a corrective manner up onto 885.00 price level probably respecting 61.8% fibs level before we can see some reversals to continue it overall bearish trending market. As price reaches 885.00 level, we will like to see some rejections and reversals to tell us that price will make a turn. Let's see how the market plays out in the future time to come
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Chart PatternscorrectivestructureindexjpylongtradesetuppriceactionTrend AnalysisWave Analysiswaves
Ifeanyichukwuxx
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