Tuesday, April 29, 2014

USDJPY Elliott Wave Analysis: Correction Within Downtrend

USDJPY fell sharply in April after NFP report at the start of the month. Bearish reversal from 104.11 has unfolded in five waves which means that rally from 100.74 was corrective and finished, thus it suggests that pair will fall back to 100.74 and even lower. In fact, pair is



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