USD/JPY Outlook for Long Term
Updated
The pair is unfolding within a Flat Correction (3-3-5) which is likely to extend weakness towards USD 104 ahead of turning higher towards USD 123/124.
Note
This is the latest update of the pair.I was expecting a contracting triangle but it unfolded in a expanding triangle. Although I mentioned that if one more leg up then we might be heading towards 114 and it did happen which made high of 114.82 and I projected that in my previous post.
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