SELL USD/JPY
There is some decent divergence showing on the short term RedK and long term MACD indicators with a slight cross of the MACD signal line. I do think my count of five non-overlapping elliott waves is correct and Tuesdays candlestick would appear to show selling pressure. All these factors show a positive chance of a move down to start the ABC retrace and my target is the 200EMA.
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